Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Channing Global Advisors LLC

Channing Global Advisors LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 39.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,553 shares of the semiconductor company’s stock after selling 21,727 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 4.9% of Channing Global Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Channing Global Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $5,827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Icon Wealth Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 7.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 3,275 shares of the semiconductor company’s stock worth $569,000 after purchasing an additional 229 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Taiwan Semiconductor Manufacturing by 0.3% in the third quarter. Rockefeller Capital Management L.P. now owns 555,358 shares of the semiconductor company’s stock valued at $96,424,000 after acquiring an additional 1,902 shares in the last quarter. Carl P. Sherr & Co. LLC grew its position in Taiwan Semiconductor Manufacturing by 47.0% in the third quarter. Carl P. Sherr & Co. LLC now owns 2,455 shares of the semiconductor company’s stock valued at $426,000 after acquiring an additional 785 shares in the last quarter. Pin Oak Investment Advisors Inc. grew its position in Taiwan Semiconductor Manufacturing by 49.8% in the third quarter. Pin Oak Investment Advisors Inc. now owns 391 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 130 shares in the last quarter. Finally, Financial Counselors Inc. grew its position in Taiwan Semiconductor Manufacturing by 0.9% in the third quarter. Financial Counselors Inc. now owns 15,466 shares of the semiconductor company’s stock valued at $2,686,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $181.19 on Friday. The stock has a market cap of $939.73 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 0.84 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $188.95 and a 200-day moving average of $174.75. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $95.25 and a 52 week high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.21%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

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.