Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.6% in the 2nd quarter, Holdings Channel reports. The fund owned 690,571 shares of the semiconductor company’s stock after selling 18,496 shares during the period. Epoch Investment Partners Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $120,028,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $108,160,000. Trexquant Investment LP acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $2,750,000. CreativeOne Wealth LLC raised its stake in Taiwan Semiconductor Manufacturing by 23.6% during the fourth quarter. CreativeOne Wealth LLC now owns 3,345 shares of the semiconductor company’s stock worth $348,000 after purchasing an additional 638 shares during the period. King Luther Capital Management Corp boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 37.0% in the 4th quarter. King Luther Capital Management Corp now owns 6,495 shares of the semiconductor company’s stock valued at $675,000 after purchasing an additional 1,754 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 28.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 178,297 shares of the semiconductor company’s stock valued at $18,543,000 after buying an additional 39,550 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSM has been the topic of several research reports. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Susquehanna reissued a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Needham & Company LLC upped their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, TD Cowen raised their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 1.2 %

NYSE TSM opened at $174.08 on Friday. The company’s fifty day simple moving average is $167.03 and its 200-day simple moving average is $158.00. The stock has a market cap of $902.85 billion, a P/E ratio of 33.16, a PEG ratio of 0.99 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week 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.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 36.95%.

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.