Evelyn Partners Investment Management Services Ltd Sells 17,712 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Evelyn Partners Investment Management Services Ltd cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 19.3% during the first quarter, Holdings Channel reports. The fund owned 74,109 shares of the semiconductor company’s stock after selling 17,712 shares during the period. Taiwan Semiconductor Manufacturing makes up about 2.9% of Evelyn Partners Investment Management Services Ltd’s portfolio, making the stock its 9th biggest position. Evelyn Partners Investment Management Services Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $25,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KCM Investment Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.4% in the first quarter. KCM Investment Advisors LLC now owns 11,049 shares of the semiconductor company’s stock valued at $3,734,000 after buying an additional 263 shares in the last quarter. Glen Eagle Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 1.9% in the 1st quarter. Glen Eagle Advisors LLC now owns 3,229 shares of the semiconductor company’s stock valued at $1,091,000 after acquiring an additional 61 shares in the last quarter. Excelsior Advisor Network LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $580,000. Quantinno Capital Management LP raised its stake in shares of Taiwan Semiconductor Manufacturing by 23.0% in the first quarter. Quantinno Capital Management LP now owns 277,013 shares of the semiconductor company’s stock worth $93,617,000 after acquiring an additional 51,791 shares during the last quarter. Finally, Castleark Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 13.6% during the first quarter. Castleark Management LLC now owns 41,210 shares of the semiconductor company’s stock worth $13,927,000 after purchasing an additional 4,920 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Taiwan Semiconductor Manufacturing

In related news, VP Lipen Yuan bought 1,000 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was bought at an average cost of $79.19 per share, for a total transaction of $79,190.00. Following the transaction, the vice president owned 5,000 shares of the company’s stock, valued at $395,950. This represents a 25.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Tzu-Sou Chuang sold 200,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $69.83, for a total value of $13,966,000.00. Following the completion of the sale, the vice president directly owned 2,495,165 shares of the company’s stock, valued at approximately $174,237,371.95. This trade represents a 7.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have purchased 6,857 shares of company stock valued at $512,334. 1.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TSM. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, July 6th. DA Davidson increased their price objective on Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, July 17th. TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $400.00 to $440.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Needham & Company LLC boosted their target price on Taiwan Semiconductor Manufacturing from $480.00 to $530.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Barclays upped their price target on Taiwan Semiconductor Manufacturing from $625.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $496.25.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $399.94 on Tuesday. The firm’s 50 day moving average price is $427.75 and its two-hundred day moving average price is $382.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.31 and a current ratio of 2.49. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $223.70 and a 52-week high of $479.00. The stock has a market cap of $2.07 trillion, a PE ratio of 28.86, a PEG ratio of 0.93 and a beta of 1.36.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 EPS for the quarter. The company had revenue of $39.89 billion during the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 40.88%. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.34 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be issued a $1.1136 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. This represents a $4.45 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 21.43%.

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.