Alberta Investment Management Corp Trims Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Alberta Investment Management Corp trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 34.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 139,585 shares of the semiconductor company’s stock after selling 72,501 shares during the period. Alberta Investment Management Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $27,567,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TKG Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 46.2% during the 4th quarter. TKG Advisors LLC now owns 11,929 shares of the semiconductor company’s stock valued at $2,356,000 after acquiring an additional 3,772 shares during the last quarter. Laidlaw Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 4th quarter. Laidlaw Wealth Management LLC now owns 1,444 shares of the semiconductor company’s stock valued at $285,000 after acquiring an additional 66 shares during the last quarter. Lyell Wealth Management LP increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.3% during the 4th quarter. Lyell Wealth Management LP now owns 61,953 shares of the semiconductor company’s stock valued at $12,235,000 after acquiring an additional 1,406 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 28.8% during the 4th quarter. Global Retirement Partners LLC now owns 26,917 shares of the semiconductor company’s stock valued at $5,316,000 after acquiring an additional 6,023 shares during the last quarter. Finally, Plan Group Financial LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% during the 4th quarter. Plan Group Financial LLC now owns 2,126 shares of the semiconductor company’s stock valued at $420,000 after acquiring an additional 75 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TSM. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday. Finally, Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Two equities research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 0.7 %

NYSE TSM opened at $202.49 on Wednesday. The stock has a market cap of $1.05 trillion, a PE ratio of 28.76, a P/E/G ratio of 0.67 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $122.91 and a fifty-two week high of $226.40. The business has a 50 day moving average price of $205.56 and a two-hundred day moving average price of $190.07. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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%. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

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.