DAVENPORT & Co LLC Decreases Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

DAVENPORT & Co LLC lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,083 shares of the semiconductor company’s stock after selling 1,431 shares during the period. DAVENPORT & Co LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $9,993,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in Taiwan Semiconductor Manufacturing by 30.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company’s stock worth $144,071,000 after purchasing an additional 318,570 shares during the period. Zions Bancorporation N.A. boosted its position in Taiwan Semiconductor Manufacturing by 29.2% during the first quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 135 shares during the period. Brown Brothers Harriman & Co. boosted its position in Taiwan Semiconductor Manufacturing by 40.1% during the first quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company’s stock worth $1,324,000 after purchasing an additional 3,638 shares during the period. Merit Financial Group LLC boosted its position in Taiwan Semiconductor Manufacturing by 17.3% during the first quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company’s stock worth $245,000 after purchasing an additional 346 shares during the period. Finally, Ergoteles LLC boosted its position in Taiwan Semiconductor Manufacturing by 138.6% during the first quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock worth $4,744,000 after purchasing an additional 26,426 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.9 %

TSM stock opened at $140.24 on Wednesday. The company has a market capitalization of $727.34 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.08 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $81.21 and a one year high of $158.40. The company’s 50 day moving average price is $131.08 and its two-hundred day moving average price is $108.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last issued its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The company had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be paid a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 33.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research report on Friday, January 12th. Finally, Needham & Company LLC raised their price objective on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a research report on Friday, January 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.25.

Get Our Latest Analysis on TSM

Taiwan Semiconductor Manufacturing Profile

(Free Report)

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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

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