Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 72.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,653 shares of the semiconductor company’s stock after selling 17,889 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $743,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TSM. Wealth Architects LLC raised its holdings in Taiwan Semiconductor Manufacturing by 3.7% during the third quarter. Wealth Architects LLC now owns 2,465 shares of the semiconductor company’s stock worth $275,000 after purchasing an additional 87 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. raised its holdings in Taiwan Semiconductor Manufacturing by 7.5% during the second quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 1,290 shares of the semiconductor company’s stock worth $155,000 after purchasing an additional 90 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 5.3% during the third quarter. Meeder Asset Management Inc. now owns 1,812 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 91 shares in the last quarter. Griffin Asset Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 1.9% during the third quarter. Griffin Asset Management Inc. now owns 5,106 shares of the semiconductor company’s stock worth $570,000 after purchasing an additional 94 shares in the last quarter. Finally, Confluence Investment Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 0.5% during the third quarter. Confluence Investment Management LLC now owns 19,395 shares of the semiconductor company’s stock worth $2,165,000 after purchasing an additional 97 shares in the last quarter.

A number of research analysts have issued reports on the stock. DZ Bank assumed coverage on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday. They issued a “buy” rating and a $145.00 target price for the company. Susquehanna reaffirmed a “hold” rating and issued a $130.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Monday, November 22nd. Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $120.00 to $125.00 in a report on Tuesday. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $130.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Monday, November 22nd. Finally, Atlantic Securities raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to an “overweight” rating and increased their target price for the company from $125.00 to $170.00 in a report on Thursday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $139.76.

Shares of TSM opened at $140.66 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 1.81. The firm has a 50 day simple moving average of $122.01 and a 200-day simple moving average of $118.35. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $107.58 and a 1-year high of $145.00.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 14th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.03. Taiwan Semiconductor Manufacturing had a net margin of 37.58% and a return on equity of 29.78%. The firm had revenue of $14.88 billion for the quarter, compared to analyst estimates of $14.89 billion. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 5.15 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 14th. Investors of record on Thursday, March 17th will be given a dividend of $0.3911 per share. The ex-dividend date is Wednesday, March 16th. This represents a $1.56 dividend on an annualized basis and a yield of 1.11%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 38.11%.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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

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