Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,267 shares of the semiconductor company’s stock after selling 4,700 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 1.4% of Deltec Asset Management LLC’s holdings, making the stock its 19th biggest holding. Deltec Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $7,162,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Money Concepts Capital Corp grew its holdings in Taiwan Semiconductor Manufacturing by 28.7% in the 4th quarter. Money Concepts Capital Corp now owns 2,182 shares of the semiconductor company’s stock valued at $431,000 after buying an additional 487 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 14.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,350,576 shares of the semiconductor company’s stock valued at $252,778,000 after purchasing an additional 167,451 shares during the period. WT Asset Management Ltd grew its holdings in shares of Taiwan Semiconductor Manufacturing by 9.5% in the fourth quarter. WT Asset Management Ltd now owns 394,241 shares of the semiconductor company’s stock valued at $77,859,000 after purchasing an additional 34,303 shares during the period. Lockheed Martin Investment Management Co. raised its stake in Taiwan Semiconductor Manufacturing by 18.7% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 96,400 shares of the semiconductor company’s stock worth $19,038,000 after purchasing an additional 15,200 shares during the period. Finally, Hager Investment Management Services LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $2,243,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $225.00 price target 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. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 2.2 %

Shares of TSM opened at $204.21 on Wednesday. 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 $1.06 trillion, a PE ratio of 29.01, a P/E/G ratio of 0.69 and a beta of 1.06. The company’s 50-day simple moving average is $203.15 and its 200-day simple moving average is $186.90. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $116.58 and a 1 year high of $226.40.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.07%. 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.