TCW Group Inc. Sells 9,576 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TCW Group Inc. lessened its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,441 shares of the semiconductor company’s stock after selling 9,576 shares during the period. TCW Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $32,870,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TSM. AMF Tjanstepension AB boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.8% during the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after acquiring an additional 70,057 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 23,351.0% during the third quarter. International Assets Investment Management LLC now owns 1,027,624 shares of the semiconductor company’s stock worth $178,467,000 after acquiring an additional 1,023,242 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 24.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 10,144 shares of the semiconductor company’s stock worth $1,769,000 after acquiring an additional 2,020 shares during the period. Dakota Wealth Management boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 12.6% during the third quarter. Dakota Wealth Management now owns 8,703 shares of the semiconductor company’s stock worth $1,511,000 after acquiring an additional 972 shares during the period. Finally, Busey Bank boosted its stake in shares of Taiwan Semiconductor Manufacturing by 18.2% in the third quarter. Busey Bank now owns 2,658 shares of the semiconductor company’s stock valued at $462,000 after buying an additional 410 shares during the period. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TSM shares. Barclays boosted 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. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

NYSE TSM opened at $198.40 on Friday. The business has a fifty day moving average price of $205.80 and a two-hundred day moving average price of $190.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The stock has a market capitalization of $1.03 trillion, a PE ratio of 28.18, a PEG ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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%. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.38%. Taiwan Semiconductor Manufacturing’s dividend payout ratio 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.