Westwood Holdings Group Inc. Sells 19,695 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Westwood Holdings Group Inc. lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 269,483 shares of the semiconductor company’s stock after selling 19,695 shares during the period. Westwood Holdings Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $46,839,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sanders Capital LLC grew its stake in Taiwan Semiconductor Manufacturing by 3.5% during the fourth quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock worth $4,630,842,000 after buying an additional 1,501,548 shares in the last quarter. Capital World Investors boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.7% during the 1st quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock worth $5,722,410,000 after acquiring an additional 704,804 shares in the last quarter. Fisher Asset Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 31,060,369 shares of the semiconductor company’s stock valued at $3,230,279,000 after acquiring an additional 422,976 shares during the last quarter. Capital International Investors lifted its position in shares of Taiwan Semiconductor Manufacturing by 40.2% during the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after buying an additional 5,643,949 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Taiwan Semiconductor Manufacturing by 4.3% in the second quarter. Van ECK Associates Corp now owns 18,167,165 shares of the semiconductor company’s stock valued at $3,157,635,000 after acquiring an additional 750,971 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Down 1.2 %

NYSE:TSM opened at $174.04 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $902.64 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 0.99 and a beta of 1.14. The firm has a fifty day simple moving average of $167.03 and a two-hundred day simple moving average of $157.84.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The firm had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. During the same period last year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was up 34.6% compared to the same quarter last year. Analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.12%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 37.71%.

Wall Street Analyst Weigh In

TSM has been the topic of several research reports. Needham & Company LLC lifted 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. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Susquehanna reiterated a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Sanford C. Bernstein boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Finally, TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing 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.