Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Harber Asset Management LLC’s 4th Largest Position

Harber Asset Management LLC lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 27.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,335 shares of the semiconductor company’s stock after selling 40,912 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 5.6% of Harber Asset Management LLC’s investment portfolio, making the stock its 4th biggest position. Harber Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $18,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $25,000. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $27,000. Olistico Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. Finally, NewSquare Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $29,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Stock Up 5.3 %

Shares of NYSE:TSM opened at $194.44 on Tuesday. The stock has a market capitalization of $1.01 trillion, a P/E ratio of 31.16, a PEG ratio of 0.85 and a beta of 1.09. The stock has a 50-day simple moving average of $189.16 and a 200-day simple moving average of $175.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.13%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

About Taiwan Semiconductor Manufacturing

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.