Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,679,425 shares of the semiconductor company’s stock after selling 25,651 shares during the period. Taiwan Semiconductor Manufacturing comprises 1.4% of Ninety One UK Ltd’s investment portfolio, making the stock its 24th biggest position. Ninety One UK Ltd owned approximately 0.05% of Taiwan Semiconductor Manufacturing worth $529,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ninety One North America Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 24.2% in the fourth quarter. Ninety One North America Inc. now owns 419,085 shares of the semiconductor company’s stock worth $82,765,000 after acquiring an additional 81,673 shares during the last quarter. Mather Group LLC. lifted its position in shares of Taiwan Semiconductor Manufacturing by 16.3% during the 4th quarter. Mather Group LLC. now owns 5,880 shares of the semiconductor company’s stock worth $1,161,000 after purchasing an additional 822 shares during the last quarter. WJ Wealth Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 8.7% during the fourth quarter. WJ Wealth Management LLC now owns 1,694 shares of the semiconductor company’s stock worth $335,000 after purchasing an additional 136 shares in the last quarter. RBA Wealth Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 2.8% in the fourth quarter. RBA Wealth Management LLC now owns 22,818 shares of the semiconductor company’s stock valued at $4,506,000 after buying an additional 625 shares during the last quarter. Finally, Calamos Wealth Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 0.8% in the fourth quarter. Calamos Wealth Management LLC now owns 27,536 shares of the semiconductor company’s stock valued at $5,438,000 after buying an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $204.21 on Wednesday. The stock has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 29.01, a PEG ratio of 0.69 and a beta of 1.06. The firm’s fifty day simple moving average is $202.74 and its 200-day simple moving average is $186.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $116.58 and a 12 month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 27.27%.

Wall Street Analyst Weigh In

TSM has been the subject of several analyst reports. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

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.