Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Cwm LLC

Cwm LLC decreased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 9.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,274 shares of the semiconductor company’s stock after selling 2,581 shares during the period. Cwm LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,439,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Capital World Investors lifted its stake in Taiwan Semiconductor Manufacturing by 11.4% in the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock valued at $4,301,178,000 after buying an additional 4,240,928 shares during the last quarter. Morgan Stanley grew its holdings in shares of Taiwan Semiconductor Manufacturing by 11.2% during the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock worth $2,068,583,000 after buying an additional 2,400,882 shares during the last quarter. Harding Loevner LP increased its position in Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock valued at $1,222,768,000 after acquiring an additional 2,008,043 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Taiwan Semiconductor Manufacturing by 6.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock valued at $2,958,134,000 after acquiring an additional 1,649,279 shares during the last quarter. Finally, Sanders Capital LLC lifted its position in Taiwan Semiconductor Manufacturing by 3.5% during the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock worth $4,630,842,000 after acquiring an additional 1,501,548 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded up $2.45 during trading hours on Wednesday, reaching $179.69. 27,155,146 shares of the company traded hands, compared to its average volume of 13,502,717. The stock has a market capitalization of $931.95 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 1.22 and a beta of 1.11. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $184.86. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $150.32 and a 200 day simple moving average of $130.91.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last issued its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be given a $0.4865 dividend. The ex-dividend date is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.08%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.76%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. TD Cowen lifted their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Finally, Barclays increased their price objective 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target of $167.00.

Read Our Latest Analysis on TSM

Taiwan Semiconductor Manufacturing Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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