Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Martin Investment Management LLC

Martin Investment Management LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,538 shares of the semiconductor company’s stock after selling 158 shares during the period. Martin Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $441,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.7% in the 1st quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock worth $5,722,410,000 after purchasing an additional 704,804 shares during the last quarter. Capital International Investors increased its position in Taiwan Semiconductor Manufacturing by 40.2% in the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after buying an additional 5,643,949 shares during the period. Van ECK Associates Corp lifted its stake in Taiwan Semiconductor Manufacturing by 0.7% in the third quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock valued at $3,176,423,000 after buying an additional 122,828 shares during the last quarter. GQG Partners LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 25.1% during the first quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock valued at $1,161,633,000 after acquiring an additional 1,710,673 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Taiwan Semiconductor Manufacturing by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,873,873 shares of the semiconductor company’s stock worth $1,071,242,000 after acquiring an additional 296,892 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.7 %

NYSE:TSM opened at $191.56 on Tuesday. The company’s 50 day moving average is $180.90 and its 200-day moving average is $168.70. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $91.29 and a 12 month high of $212.60. The firm has a market cap of $993.51 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 0.93 and a beta of 1.12.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.02%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $209.00.

Taiwan Semiconductor Manufacturing 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.