Waverton Investment Management Ltd Lowers Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Waverton Investment Management Ltd decreased its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 16.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 959,934 shares of the semiconductor company’s stock after selling 184,567 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 3.4% of Waverton Investment Management Ltd’s portfolio, making the stock its 14th biggest holding. Waverton Investment Management Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $268,038,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TSM. Heartwood Wealth Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $32,000. Resources Management Corp CT ADV bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $32,000. Fairman Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 171.2% in the third quarter. Fairman Group LLC now owns 141 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 89 shares in the last quarter. Riggs Asset Managment Co. Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $41,000. Finally, Navigoe LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $42,000. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TSM shares. Dbs Bank raised shares of Taiwan Semiconductor Manufacturing to a “moderate buy” rating in a report on Friday, January 23rd. Wedbush reiterated an “outperform” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, February 11th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, January 9th. Freedom Capital upgraded Taiwan Semiconductor Manufacturing to a “strong-buy” rating in a research note on Thursday, January 15th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, January 2nd. Four research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $391.43.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $374.48 on Monday. The business’s 50-day moving average is $337.40 and its 200 day moving average is $298.43. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $390.20. The company has a market capitalization of $1.94 trillion, a P/E ratio of 35.16, a P/E/G ratio of 1.05 and a beta of 1.31. The company has a current ratio of 2.62, a quick ratio of 2.42 and a debt-to-equity ratio of 0.17.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, February 26th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter. The business had revenue of $30.65 billion for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.89% and a net margin of 45.13%. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 11th will be given a dividend of $0.9503 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $3.80 annualized dividend and a dividend yield of 1.0%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 28.64%.

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.