Brown Lisle Cummings Inc. Trims Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Brown Lisle Cummings Inc. lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,130 shares of the semiconductor company’s stock after selling 100 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $421,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. AMF Tjanstepension AB grew its stake in Taiwan Semiconductor Manufacturing by 4.8% in the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after buying an additional 70,057 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 16.2% during the 3rd quarter. GAMMA Investing LLC now owns 6,332 shares of the semiconductor company’s stock worth $1,100,000 after acquiring an additional 884 shares during the last quarter. Azzad Asset Management Inc. ADV grew its position in Taiwan Semiconductor Manufacturing by 0.4% in the third quarter. Azzad Asset Management Inc. ADV now owns 14,166 shares of the semiconductor company’s stock worth $2,460,000 after acquiring an additional 63 shares in the last quarter. Eagle Rock Investment Company LLC increased its stake in Taiwan Semiconductor Manufacturing by 21.5% in the third quarter. Eagle Rock Investment Company LLC now owns 55,419 shares of the semiconductor company’s stock valued at $9,625,000 after acquiring an additional 9,824 shares during the last quarter. Finally, Parisi Gray Wealth Management lifted its stake in Taiwan Semiconductor Manufacturing by 17.7% during the third quarter. Parisi Gray Wealth Management now owns 3,905 shares of the semiconductor company’s stock worth $678,000 after purchasing an additional 588 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 4.5 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $199.96 on Tuesday. The company’s 50 day moving average price is $202.44 and its 200-day moving average price is $186.43. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $116.58 and a 52-week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 28.40, a P/E/G ratio of 0.69 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.10%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 27.27%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TSM shares. Needham & Company LLC reissued a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average target price of $220.00.

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.