First Trust Direct Indexing L.P. Sells 5,639 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

First Trust Direct Indexing L.P. cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,314 shares of the semiconductor company’s stock after selling 5,639 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 0.6% of First Trust Direct Indexing L.P.’s holdings, making the stock its 21st biggest position. First Trust Direct Indexing L.P.’s holdings in Taiwan Semiconductor Manufacturing were worth $8,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Advisor Resource Council bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $395,000. Norden Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $3,901,000. United Capital Management of KS Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $427,000. Trust Co. of Oklahoma increased its stake in Taiwan Semiconductor Manufacturing by 11.8% during the 1st quarter. Trust Co. of Oklahoma now owns 4,876 shares of the semiconductor company’s stock worth $663,000 after purchasing an additional 514 shares in the last quarter. Finally, JTC Employer Solutions Trustee Ltd increased its stake in Taiwan Semiconductor Manufacturing by 129.7% during the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 69,701 shares of the semiconductor company’s stock worth $9,525,000 after purchasing an additional 39,352 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 3.9 %

Shares of NYSE TSM traded up $6.79 during trading hours on Thursday, hitting $182.49. The company had a trading volume of 11,808,737 shares, compared to its average volume of 15,203,722. The stock has a market capitalization of $946.47 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 1.20 and a beta of 1.14. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.01 and a 1-year high of $184.86. The firm’s 50 day moving average is $158.44 and its 200-day moving average is $136.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. The company had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $0.4865 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.76%.

Wall Street Analyst Weigh In

TSM has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. TD Cowen upped their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 17th. Barclays upped their price target 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. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $173.60.

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.