Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Crossmark Global Holdings Inc.’s 9th Largest Position

Crossmark Global Holdings Inc. lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309,900 shares of the semiconductor company’s stock after selling 8,317 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 1.1% of Crossmark Global Holdings Inc.’s holdings, making the stock its 9th biggest holding. Crossmark Global Holdings Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $61,202,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TSM. Reston Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at $25,000. Fairscale Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $32,000. Sugarloaf Wealth Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 77.1% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 81 shares during the period. Archer Investment Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after buying an additional 62 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 108.0% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 108 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TSM has been the subject of a number of research reports. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 1.5 %

TSM stock opened at $211.52 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $109.48 and a 12 month high of $222.20. The company has a fifty day moving average price of $198.02 and a 200 day moving average price of $184.52. 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 company has a market cap of $1.10 trillion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 0.71 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 8.98 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.27%.

Taiwan Semiconductor Manufacturing Company 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.