Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Tenzing Global Management LLC

Tenzing Global Management LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 57.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,500 shares of the semiconductor company’s stock after selling 30,000 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 2.8% of Tenzing Global Management LLC’s portfolio, making the stock its 11th largest position. Tenzing Global Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,908,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TSM. Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $1,758,000. Stevens Capital Management LP raised its stake in Taiwan Semiconductor Manufacturing by 46.3% during the 3rd quarter. Stevens Capital Management LP now owns 121,761 shares of the semiconductor company’s stock valued at $21,146,000 after acquiring an additional 38,553 shares in the last quarter. Stifel Financial Corp raised its stake in Taiwan Semiconductor Manufacturing by 7.1% during the 3rd quarter. Stifel Financial Corp now owns 923,845 shares of the semiconductor company’s stock valued at $160,445,000 after acquiring an additional 61,609 shares in the last quarter. Quantinno Capital Management LP raised its stake in Taiwan Semiconductor Manufacturing by 35.3% during the 3rd quarter. Quantinno Capital Management LP now owns 51,399 shares of the semiconductor company’s stock valued at $8,927,000 after acquiring an additional 13,413 shares in the last quarter. Finally, Pinpoint Asset Management Ltd raised its stake in Taiwan Semiconductor Manufacturing by 384.5% during the 3rd quarter. Pinpoint Asset Management Ltd now owns 29,228 shares of the semiconductor company’s stock valued at $5,076,000 after acquiring an additional 23,195 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

TSM has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $204.30 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $97.44 and a 52-week high of $212.60. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 32.74, a PEG ratio of 0.92 and a beta of 1.09. The stock’s fifty day simple moving average is $190.61 and its 200 day simple moving average is $176.32.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This represents a $2.19 annualized dividend and a yield of 1.07%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

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.