Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Holdings Lowered by Gold Investment Management Ltd.

Gold Investment Management Ltd. reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,697 shares of the semiconductor company’s stock after selling 4,136 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 2.6% of Gold Investment Management Ltd.’s holdings, making the stock its 5th biggest holding. Gold Investment Management Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $6,353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Johnson Financial Group Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $25,000. Financial Gravity Asset Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 211 shares during the last quarter. LifeSteps Financial Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $27,000. North Star Investment Management Corp. grew its stake in Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 181 shares in the last quarter. Finally, Sachetta LLC bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $29,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 3.5 %

TSM stock traded up $6.49 during mid-day trading on Wednesday, reaching $191.01. 19,253,915 shares of the stock traded hands, compared to its average volume of 15,117,953. The company has a market cap of $990.66 billion, a P/E ratio of 36.38, a P/E/G ratio of 1.28 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $192.80. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average is $163.30 and its 200-day moving average is $139.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a $0.4865 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. This represents a $1.95 annualized dividend and a yield of 1.02%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.57%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday, June 17th. Sanford C. Bernstein raised their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Needham & Company LLC restated a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $173.60.

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.