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

Zacks Investment Management cut its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,820 shares of the semiconductor company’s stock after selling 180 shares during the quarter. Zacks Investment Management’s holdings in Taiwan Semiconductor Manufacturing were worth $1,358,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FWG Holdings LLC lifted its position in Taiwan Semiconductor Manufacturing by 1.6% during the 3rd quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock worth $539,000 after acquiring an additional 50 shares during the period. Defender Capital LLC. raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% during the 3rd quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock worth $272,000 after buying an additional 56 shares in the last quarter. Hardy Reed LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% during the 3rd quarter. Hardy Reed LLC now owns 4,635 shares of the semiconductor company’s stock worth $805,000 after buying an additional 56 shares in the last quarter. Seed Wealth Management Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% during the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock worth $792,000 after buying an additional 57 shares in the last quarter. Finally, Keudell Morrison Wealth Management raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.5% during the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock worth $700,000 after buying an additional 59 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $199.23 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock has a fifty day moving average of $191.62 and a two-hundred day moving average of $177.26. The company has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 31.93, a PEG ratio of 0.94 and a beta of 1.09. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $98.80 and a fifty-two week high of $212.60.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.10%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

Analyst Ratings Changes

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

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.