1832 Asset Management L.P. Sells 11,707 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

1832 Asset Management L.P. lessened its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,532 shares of the semiconductor company’s stock after selling 11,707 shares during the quarter. 1832 Asset Management L.P.’s holdings in Taiwan Semiconductor Manufacturing were worth $20,344,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Cadence Bank boosted its stake in shares of Taiwan Semiconductor Manufacturing by 0.5% during the 1st quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock worth $2,041,000 after acquiring an additional 69 shares during the last quarter. Joel Isaacson & Co. LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.5% during the 1st quarter. Joel Isaacson & Co. LLC now owns 3,048 shares of the semiconductor company’s stock valued at $415,000 after buying an additional 74 shares in the last quarter. Toth Financial Advisory Corp lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% during the 1st quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock valued at $311,000 after buying an additional 74 shares in the last quarter. Principle Wealth Partners LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% during the 1st quarter. Principle Wealth Partners LLC now owns 5,940 shares of the semiconductor company’s stock valued at $808,000 after buying an additional 77 shares in the last quarter. Finally, Physician Wealth Advisors Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 3,081 shares of the semiconductor company’s stock valued at $431,000 after buying an additional 90 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TSM shares. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Sanford C. Bernstein lifted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Needham & Company LLC upped their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the company a “positive” rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 1.0 %

Taiwan Semiconductor Manufacturing stock traded up $1.66 during trading hours on Friday, hitting $161.94. The company had a trading volume of 13,089,172 shares, compared to its average volume of 19,465,338. The firm has a market cap of $839.89 billion, a P/E ratio of 30.85, a P/E/G ratio of 0.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47. The company has a 50-day moving average price of $169.66 and a two-hundred day moving average price of $145.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The firm’s quarterly revenue was up 34.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a $0.4865 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.57%.

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.