Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Position Reduced by World Investment Advisors

World Investment Advisors reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,564 shares of the semiconductor company’s stock after selling 3,074 shares during the quarter. World Investment Advisors’ holdings in Taiwan Semiconductor Manufacturing were worth $10,381,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Westpac Banking Corp grew its holdings in Taiwan Semiconductor Manufacturing by 2,546.1% during the fourth quarter. Westpac Banking Corp now owns 33,420 shares of the semiconductor company’s stock worth $6,600,000 after acquiring an additional 32,157 shares during the period. Disciplined Investors L.L.C. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $583,000. SevenBridge Financial Group LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 2.2% in the 4th quarter. SevenBridge Financial Group LLC now owns 24,437 shares of the semiconductor company’s stock worth $5,101,000 after purchasing an additional 520 shares in the last quarter. OneAscent Financial Services LLC lifted its stake in Taiwan Semiconductor Manufacturing by 2.4% during the fourth quarter. OneAscent Financial Services LLC now owns 4,000 shares of the semiconductor company’s stock valued at $790,000 after purchasing an additional 94 shares during the last quarter. Finally, Crescent Park Management L.P. boosted its holdings in Taiwan Semiconductor Manufacturing by 40.8% during the fourth quarter. Crescent Park Management L.P. now owns 12,079 shares of the semiconductor company’s stock worth $2,385,000 after buying an additional 3,501 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 1.1 %

NYSE TSM opened at $170.48 on Thursday. The stock has a market cap of $884.18 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 0.66 and a beta of 1.16. The firm’s 50 day moving average price is $189.38 and its two-hundred day moving average price is $192.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) 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 anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given 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 dividend on an annualized basis and a yield of 1.61%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

Analysts Set New Price Targets

Several research firms have issued reports on TSM. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target 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.