Impax Asset Management Group plc Sells 2,073 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Impax Asset Management Group plc reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.8% in the fourth quarter, Holdings Channel reports. The fund owned 24,345 shares of the semiconductor company’s stock after selling 2,073 shares during the quarter. Impax Asset Management Group plc’s holdings in Taiwan Semiconductor Manufacturing were worth $4,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mount Yale Investment Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 4.3% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock worth $7,052,000 after buying an additional 1,476 shares during the period. McHugh Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $605,000. OLD National Bancorp IN boosted its holdings in Taiwan Semiconductor Manufacturing by 2.1% in the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock worth $22,357,000 after buying an additional 2,368 shares during the period. Private Client Services LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $201,000. Finally, YHB Investment Advisors Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 6.9% in the 4th quarter. YHB Investment Advisors Inc. now owns 40,275 shares of the semiconductor company’s stock worth $7,954,000 after buying an additional 2,604 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $191.54 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a market capitalization of $993.38 billion, a PE ratio of 27.21, a P/E/G ratio of 0.66 and a beta of 1.06. The company’s 50 day simple moving average is $205.59 and its two-hundred day simple moving average is $191.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors 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 represents a $2.74 annualized dividend and a dividend yield of 1.43%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.11%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

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.