Federated Hermes Inc. Trims Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Federated Hermes Inc. reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 459,524 shares of the semiconductor company’s stock after selling 32,805 shares during the period. Federated Hermes Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $47,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 211 shares in the last quarter. MBM Wealth Consultants LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $27,000. PCA Investment Advisory Services Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $29,000. Farmers & Merchants Investments Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $31,000. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of Taiwan Semiconductor Manufacturing by 108.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 162 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Finally, TD Cowen increased their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Down 3.4 %

Shares of NYSE TSM opened at $127.71 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $81.21 and a 12-month high of $158.40. The stock has a market cap of $662.36 billion, a P/E ratio of 24.65, a PEG ratio of 1.02 and a beta of 1.15. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $136.50 and its 200-day simple moving average is $113.02.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.07. The firm had revenue of $19.62 billion for the quarter, compared to analysts’ expectations of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 25.21%. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.38%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 33.98%.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.