Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Metropolis Capital Ltd

Metropolis Capital Ltd reduced its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 7.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 657,282 shares of the semiconductor company’s stock after selling 52,599 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 5.8% of Metropolis Capital Ltd’s holdings, making the stock its 9th biggest holding. Metropolis Capital Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $183,572,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TSM. Heartwood Wealth Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $32,000. Resources Management Corp CT ADV purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $32,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $33,000. Navigoe LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $42,000. Finally, First Command Advisory Services Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 174.1% during the 2nd quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company’s stock worth $36,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $300.83 on Tuesday. The firm has a market cap of $1.56 trillion, a P/E ratio of 30.85, a P/E/G ratio of 1.04 and a beta of 1.31. The firm has a fifty day moving average of $292.38 and a two-hundred day moving average of $264.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.69 and a quick ratio of 2.47. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $313.98.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Friday, November 14th. The semiconductor company reported $14.32 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be given a $0.9678 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, March 17th. This represents a $3.87 annualized dividend and a yield of 1.3%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 25.85%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TSM. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Sunday, December 14th. UBS Group set a $330.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Sunday, December 7th. Itau BBA Securities initiated coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They set an “outperform” rating on the stock. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, December 22nd. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $355.00.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.