WP Advisors LLC Sells 650 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

WP Advisors LLC lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,221 shares of the semiconductor company’s stock after selling 650 shares during the quarter. WP Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $733,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital World Investors grew its position in shares of Taiwan Semiconductor Manufacturing by 1.7% during the 1st quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock worth $5,722,410,000 after purchasing an additional 704,804 shares in the last quarter. Capital International Investors boosted its stake in shares of Taiwan Semiconductor Manufacturing by 40.2% in the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after buying an additional 5,643,949 shares during the period. Van ECK Associates Corp grew its position in Taiwan Semiconductor Manufacturing by 0.7% during the third quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock worth $3,176,423,000 after buying an additional 122,828 shares in the last quarter. WCM Investment Management LLC grew its position in Taiwan Semiconductor Manufacturing by 14.1% during the third quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock worth $1,733,104,000 after buying an additional 1,206,359 shares in the last quarter. Finally, GQG Partners LLC increased its stake in Taiwan Semiconductor Manufacturing by 25.1% during the 1st quarter. GQG Partners LLC now owns 8,538,277 shares of the semiconductor company’s stock worth $1,161,633,000 after acquiring an additional 1,710,673 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TSM shares. Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Two analysts have 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 an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $186.01 on Monday. The firm has a market capitalization of $964.72 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 0.89 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average price is $185.79 and its 200-day moving average price is $172.43. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.30%. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 EPS 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. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.09%.

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.