Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 37.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,051 shares of the semiconductor company’s stock after selling 625 shares during the quarter. Riverbridge Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $208,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 25.2% in the 2nd quarter. ProShare Advisors LLC now owns 1,935 shares of the semiconductor company’s stock valued at $336,000 after buying an additional 390 shares during the period. Xponance Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 12.3% in the second quarter. Xponance Inc. now owns 5,209 shares of the semiconductor company’s stock valued at $905,000 after purchasing an additional 572 shares during the period. Abich Financial Wealth Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 108.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 108 shares in the last quarter. Armistice Capital LLC increased its holdings in Taiwan Semiconductor Manufacturing by 7.1% during the 2nd quarter. Armistice Capital LLC now owns 60,000 shares of the semiconductor company’s stock worth $10,429,000 after purchasing an additional 4,000 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Taiwan Semiconductor Manufacturing by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,647,985 shares of the semiconductor company’s stock valued at $634,838,000 after purchasing an additional 125,204 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TSM. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, Barclays raised their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 0.5 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $224.36 on Friday. The company has a fifty day simple moving average of $199.64 and a 200-day simple moving average of $185.24. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $112.61 and a 12-month high of $225.43. 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 market cap of $1.16 trillion, a price-to-earnings ratio of 31.87, a PEG ratio of 0.74 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders 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 is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 0.98%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 27.27%.

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.