Eagle Strategies LLC lowered its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 37.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 10,073 shares of the semiconductor company’s stock after selling 6,067 shares during the period. Eagle Strategies LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,672,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Guardian Partners Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $9,222,000. Hardman Johnston Global Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 7.6% during 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. Pinnacle Investment Management Ltd acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $26,661,000. Alphinity Investment Management Pty Ltd acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $349,241,000. Finally, BankPlus Trust Department acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $1,509,000. Institutional investors and hedge funds own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Stock Down 1.8%
Taiwan Semiconductor Manufacturing stock opened at $209.71 on Monday. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average price is $186.25 and its two-hundred day moving average price is $189.40. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $133.57 and a 1-year high of $226.40. The firm has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 1.08 and a beta of 1.27.
Taiwan Semiconductor Manufacturing Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.24%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.59%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Susquehanna raised their price target on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a “positive” rating in a report on Tuesday, June 17th. Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Barclays reaffirmed an “overweight” rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $222.50.
Get Our Latest Analysis on TSM
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.
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