Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by City State Bank

City State Bank cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,244 shares of the semiconductor company’s stock after selling 51 shares during the period. City State Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $1,036,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Trust Co. of Toledo NA OH acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $276,000. Fiduciary Alliance LLC lifted its stake in Taiwan Semiconductor Manufacturing by 661.2% in the 4th quarter. Fiduciary Alliance LLC now owns 12,369 shares of the semiconductor company’s stock valued at $2,443,000 after buying an additional 10,744 shares in the last quarter. TT International Asset Management LTD lifted its stake in Taiwan Semiconductor Manufacturing by 1,146.1% in the 4th quarter. TT International Asset Management LTD now owns 407,832 shares of the semiconductor company’s stock valued at $80,542,000 after buying an additional 375,103 shares in the last quarter. Headwater Capital Co Ltd purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $49,372,000. Finally, Matrix Trust Co purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $170,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Down 3.2 %

Shares of TSM stock traded down $6.77 during trading on Monday, hitting $201.60. 7,735,245 shares of the stock traded hands, compared to its average volume of 14,281,470. The firm has a market capitalization of $1.05 trillion, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 0.93 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm’s fifty day moving average price is $196.94 and its 200-day moving average price is $183.39. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $100.00 and a 52-week high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 35.10%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TSM shares. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $214.00.

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.