Ethic Inc. Lowers Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ethic Inc. lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 64,818 shares of the semiconductor company’s stock after selling 1,994 shares during the quarter. Ethic Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $12,801,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSM. Mount Yale Investment Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 4.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after buying an additional 1,476 shares in the last quarter. McHugh Group LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $605,000. OLD National Bancorp IN increased its holdings in shares of Taiwan Semiconductor Manufacturing by 2.1% in the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock worth $22,357,000 after buying an additional 2,368 shares during the last quarter. Guardian Partners Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $9,222,000. Finally, Hardman Johnston Global Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 7.6% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock worth $75,329,000 after acquiring an additional 26,847 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TSM. Susquehanna reiterated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Barclays reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $175.23 on Friday. The firm has a 50-day moving average of $165.80 and a two-hundred day moving average of $187.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $133.57 and a 1 year high of $226.40. The stock has a market cap of $908.80 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.56%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 27.76%.

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.