Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 15.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 221,059 shares of the semiconductor company’s stock after selling 39,069 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $38,422,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Daiwa Securities Group Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 3.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 21,548 shares of the semiconductor company’s stock valued at $3,745,000 after acquiring an additional 801 shares during the period. FRG Family Wealth Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 197.8% in the 2nd quarter. FRG Family Wealth Advisors LLC now owns 1,385 shares of the semiconductor company’s stock valued at $241,000 after buying an additional 920 shares during the last quarter. Global X Japan Co. Ltd. grew its position in Taiwan Semiconductor Manufacturing by 33.0% in the 2nd quarter. Global X Japan Co. Ltd. now owns 47,301 shares of the semiconductor company’s stock valued at $8,221,000 after buying an additional 11,724 shares during the last quarter. LGT Fund Management Co Ltd. grew its position in Taiwan Semiconductor Manufacturing by 56.3% in the 2nd quarter. LGT Fund Management Co Ltd. now owns 53,541 shares of the semiconductor company’s stock valued at $9,306,000 after buying an additional 19,291 shares during the last quarter. Finally, LGT Group Foundation grew its position in Taiwan Semiconductor Manufacturing by 725.0% in the 2nd quarter. LGT Group Foundation now owns 1,412,856 shares of the semiconductor company’s stock valued at $245,569,000 after buying an additional 1,241,596 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $162.86 on Tuesday. The firm has a market capitalization of $844.66 billion, a P/E ratio of 31.02, a PEG ratio of 0.92 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $193.47. The company’s fifty day moving average is $169.60 and its two-hundred day moving average is $155.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. During the same period in the previous year, the firm earned $1.14 EPS. The business’s revenue was up 34.6% on a year-over-year basis. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 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, January 9th. Investors of record on Thursday, December 12th will be given a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a dividend yield of 1.20%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TSM shares. Susquehanna reiterated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Needham & Company LLC lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Sanford C. Bernstein lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. TD Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $200.00.

About Taiwan Semiconductor Manufacturing

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.