Yousif Capital Management LLC lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 47.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,495 shares of the semiconductor company’s stock after selling 37,050 shares during the quarter. Yousif Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $7,997,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sargent Investment Group LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 51.5% in the 4th quarter. Sargent Investment Group LLC now owns 4,440 shares of the semiconductor company’s stock worth $894,000 after acquiring an additional 1,510 shares during the period. Redwood Wealth Management Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $232,000. Ninety One SA PTY Ltd lifted its position in Taiwan Semiconductor Manufacturing by 6.5% in the fourth quarter. Ninety One SA PTY Ltd now owns 21,575 shares of the semiconductor company’s stock worth $4,261,000 after purchasing an additional 1,313 shares during the period. Ninety One North America Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 24.2% during the 4th quarter. Ninety One North America Inc. now owns 419,085 shares of the semiconductor company’s stock valued at $82,765,000 after purchasing an additional 81,673 shares in the last quarter. Finally, Mather Group LLC. increased its position in shares of Taiwan Semiconductor Manufacturing by 16.3% during the 4th quarter. Mather Group LLC. now owns 5,880 shares of the semiconductor company’s stock valued at $1,161,000 after purchasing an additional 822 shares during the period. Institutional investors own 16.51% of the company’s stock.
Wall Street Analyst Weigh In
TSM has been the subject of several research reports. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $220.00.
Taiwan Semiconductor Manufacturing Price Performance
NYSE TSM opened at $208.53 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $118.28 and a 1 year high of $226.40. The company has a market cap of $1.08 trillion, a PE ratio of 29.62, a PEG ratio of 0.69 and a beta of 1.06. The stock’s 50-day moving average price is $203.15 and its two-hundred day moving average price is $186.90.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last released its quarterly earnings results 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%. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS 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 $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, March 18th. 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%.
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.
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