Cadence Bank Sells 3,413 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cadence Bank cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 22.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,591 shares of the semiconductor company’s stock after selling 3,413 shares during the quarter. Cadence Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $2,013,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Transamerica Financial Advisors Inc. boosted its position in Taiwan Semiconductor Manufacturing by 2,166.2% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,541 shares of the semiconductor company’s stock valued at $268,000 after buying an additional 1,473 shares in the last quarter. Avestar Capital LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 6.7% in the 3rd quarter. Avestar Capital LLC now owns 7,391 shares of the semiconductor company’s stock valued at $1,284,000 after acquiring an additional 463 shares during the last quarter. Brooklyn Investment Group bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $73,000. Quantbot Technologies LP acquired a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $6,838,000. Finally, D.A. Davidson & CO. raised its position in Taiwan Semiconductor Manufacturing by 4.6% in the third quarter. D.A. Davidson & CO. now owns 42,971 shares of the semiconductor company’s stock valued at $7,463,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $183.80 on Wednesday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $953.26 billion, a PE ratio of 29.46, a P/E/G ratio of 0.85 and a beta of 1.12. The firm has a fifty day simple moving average of $188.57 and a 200 day simple moving average of $174.66. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $95.25 and a twelve month high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.19%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TSM shares. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.