Peoples Bank KS Lowers Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Peoples Bank KS cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 17.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,315 shares of the semiconductor company’s stock after selling 1,325 shares during the quarter. Peoples Bank KS’s holdings in Taiwan Semiconductor Manufacturing were worth $1,097,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $25,000. LifeSteps Financial Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at $27,000. Olistico Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $27,000. Valley Wealth Managers Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at $27,000. Finally, North Star Investment Management Corp. grew its holdings in Taiwan Semiconductor Manufacturing by 670.4% during the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 181 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 0.9 %

NYSE TSM traded up $1.68 on Friday, reaching $181.16. 9,989,113 shares of the company were exchanged, compared to its average volume of 15,463,214. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $193.47. The stock has a market capitalization of $939.57 billion, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 1.04 and a beta of 1.14. The business’s fifty day moving average price is $168.34 and its 200 day moving average price is $160.13. 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 posted its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. The company 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%. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced 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 annualized dividend and a yield of 1.08%. 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%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TSM shares. Susquehanna restated a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. TD Cowen boosted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Sanford C. Bernstein increased their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Finally, 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

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.