Mirae Asset Global Investments Co. Ltd. Reduces Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Mirae Asset Global Investments Co. Ltd. lowered its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 21.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,163,052 shares of the semiconductor company’s stock after selling 318,592 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 1.0% of Mirae Asset Global Investments Co. Ltd.’s investment portfolio, making the stock its 12th largest holding. Mirae Asset Global Investments Co. Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $324,829,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Retirement Planning Co of New England Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $204,000. Valeo Financial Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 2.2% during the third quarter. Valeo Financial Advisors LLC now owns 31,237 shares of the semiconductor company’s stock valued at $8,724,000 after purchasing an additional 660 shares in the last quarter. Truist Financial Corp grew its stake in Taiwan Semiconductor Manufacturing by 2.1% in the third quarter. Truist Financial Corp now owns 430,907 shares of the semiconductor company’s stock worth $120,348,000 after purchasing an additional 8,838 shares during the period. Adamsbrown Wealth Consultants LLC raised its holdings in Taiwan Semiconductor Manufacturing by 28.6% in the third quarter. Adamsbrown Wealth Consultants LLC now owns 1,427 shares of the semiconductor company’s stock worth $399,000 after purchasing an additional 317 shares in the last quarter. Finally, EPG Wealth Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 4.1% during the third quarter. EPG Wealth Management LLC now owns 10,426 shares of the semiconductor company’s stock valued at $2,912,000 after buying an additional 412 shares during the period. Institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on TSM shares. Argus upgraded shares of Taiwan Semiconductor Manufacturing to a “strong-buy” rating in a research note on Thursday, January 15th. Needham & Company LLC lifted their target price on shares of Taiwan Semiconductor Manufacturing from $360.00 to $410.00 and gave the company a “buy” rating in a report on Thursday, January 15th. UBS Group set a $330.00 price objective on Taiwan Semiconductor Manufacturing in a research report on Sunday, December 7th. Freedom Capital upgraded Taiwan Semiconductor Manufacturing to a “strong-buy” rating in a report on Thursday, January 15th. Finally, Susquehanna lifted their target price on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $381.67.

Taiwan Semiconductor Manufacturing Stock Up 1.7%

Shares of TSM stock opened at $344.25 on Wednesday. The company has a market capitalization of $1.78 trillion, a price-to-earnings ratio of 32.27, a PEG ratio of 0.96 and a beta of 1.29. The company’s fifty day moving average price is $306.18 and its 200-day moving average price is $279.19. 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 one year low of $134.25 and a one year high of $351.33.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Friday, November 14th. The semiconductor company reported $14.32 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 45.13% and a return on equity of 36.18%. The firm had revenue of $32.50 billion for the quarter. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.9678 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. This represents a $3.87 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 23.57%.

Taiwan Semiconductor Manufacturing Company Profile

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.