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

Generate Investment Management Ltd decreased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 47.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 148,665 shares of the semiconductor company’s stock after selling 135,305 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 2.1% of Generate Investment Management Ltd’s investment portfolio, making the stock its 11th biggest holding. Generate Investment Management Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $41,521,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after buying an additional 1,892 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $908,000. Calton & Associates Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 42.9% during the 1st quarter. Calton & Associates Inc. now owns 1,480 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 444 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 1.8% during the 1st quarter. EP Wealth Advisors LLC now owns 21,706 shares of the semiconductor company’s stock worth $3,603,000 after purchasing an additional 375 shares during the last quarter. Finally, Capital Markets Trading UK LLP grew its holdings in Taiwan Semiconductor Manufacturing by 100.9% during the 1st quarter. Capital Markets Trading UK LLP now owns 7,123 shares of the semiconductor company’s stock valued at $1,182,000 after buying an additional 815,972 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 0.5%

TSM stock opened at $299.56 on Wednesday. The company has a quick ratio of 2.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.55 trillion, a price-to-earnings ratio of 30.72, a PEG ratio of 1.03 and a beta of 1.31. The business has a fifty day simple moving average of $292.49 and a 200-day simple moving average of $264.66. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $313.98.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results 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%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be paid a $0.9678 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.87 annualized dividend and a dividend yield of 1.3%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.28%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSM. Itau BBA Securities initiated coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They issued an “outperform” rating for the company. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Wall Street Zen upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a 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. Finally, Sanford C. Bernstein boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the company an “outperform” rating in a research report on Sunday, December 7th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target 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.