Envestnet Asset Management Inc. Decreases Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Envestnet Asset Management Inc. lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,779,426 shares of the semiconductor company’s stock after selling 87,977 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $746,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $27,000. Roxbury Financial LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $29,000. Finally, Nemes Rush Group LLC grew its stake in Taiwan Semiconductor Manufacturing by 1,810.0% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the semiconductor company’s stock worth $38,000 after buying an additional 181 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $146.88 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market cap of $761.76 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The firm’s fifty day moving average price is $186.54 and its 200 day moving average price is $192.09. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.68%.

Analysts Set New Price Targets

TSM has been the subject of a number of research reports. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. 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, Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Profile

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.