Nomura Asset Management Co. Ltd. Sells 58,509 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Nomura Asset Management Co. Ltd. decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 224,243 shares of the semiconductor company’s stock after selling 58,509 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $23,321,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CapWealth Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 21.1% in the fourth quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after buying an additional 21,329 shares during the period. Fisher Asset Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after purchasing an additional 442,289 shares during the period. Aigen Investment Management LP bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $553,000. Investment House LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 117.5% in the 4th quarter. Investment House LLC now owns 45,840 shares of the semiconductor company’s stock valued at $4,767,000 after purchasing an additional 24,762 shares during the period. Finally, Bison Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $1,178,000. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Up 1.9 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $2.91 on Friday, reaching $160.00. 11,908,211 shares of the company were exchanged, compared to its average volume of 11,598,357. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $160.78. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $142.03 and a 200 day moving average of $122.82. The company has a market capitalization of $829.83 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 1.15 and a beta of 1.13.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. The ex-dividend date is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.22%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.

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.