Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 23.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 858 shares of the semiconductor company’s stock after selling 268 shares during the quarter. Central Bank & Trust Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $117,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CapWealth Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after acquiring an additional 21,329 shares in the last quarter. Dodge & Cox purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $6,396,000. Fisher Asset Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after buying an additional 442,289 shares during the period. Aigen Investment Management LP purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $553,000. Finally, Credit Capital Investments LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 9.4% in the 4th quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock valued at $6,032,000 after buying an additional 5,000 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TSM shares. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday, June 17th. Finally, Sanford C. Bernstein boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.60.

View Our Latest Stock Report on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

TSM stock traded down $1.42 during trading on Friday, hitting $173.96. 20,271,302 shares of the company’s stock were exchanged, compared to its average volume of 14,168,254. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $184.86. The business has a 50-day moving average price of $152.18 and a two-hundred day moving average price of $132.34. The stock has a market capitalization of $902.23 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 1.20 and a beta of 1.11.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last issued its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The company had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.38 billion. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a $0.4865 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.12%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

About Taiwan Semiconductor Manufacturing

(Free Report)

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.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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