Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Position Cut by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. trimmed its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 11.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,688,017 shares of the semiconductor company’s stock after selling 338,250 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 1.1% of Royal London Asset Management Ltd.’s investment portfolio, making the stock its 15th largest holding. Royal London Asset Management Ltd. owned about 0.05% of Taiwan Semiconductor Manufacturing worth $466,828,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 9.0% during the second quarter. CWM LLC now owns 27,554 shares of the semiconductor company’s stock valued at $4,789,000 after purchasing an additional 2,280 shares in the last quarter. Clarius Group LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 9.9% during the second quarter. Clarius Group LLC now owns 3,876 shares of the semiconductor company’s stock valued at $674,000 after purchasing an additional 350 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.1% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 18,083 shares of the semiconductor company’s stock valued at $3,143,000 after purchasing an additional 1,039 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at about $228,200,000. Finally, OLD National Bancorp IN raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% during the second quarter. OLD National Bancorp IN now owns 112,768 shares of the semiconductor company’s stock valued at $19,600,000 after purchasing an additional 1,297 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $200.67 on Thursday. The company’s 50-day moving average price is $190.26 and its two-hundred day moving average price is $176.12. The stock has a market cap of $1.04 trillion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 0.92 and a beta of 1.09. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $95.88 and a 52 week high of $212.60. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last issued its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal 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 paid a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.09%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

View Our Latest Research Report on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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