WCM Investment Management LLC Sells 63,216 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

WCM Investment Management LLC reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,674,965 shares of the semiconductor company’s stock after selling 63,216 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 4.6% of WCM Investment Management LLC’s holdings, making the stock its 3rd largest holding. WCM Investment Management LLC owned approximately 0.19% of Taiwan Semiconductor Manufacturing worth $1,938,766,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TSM. AMF Tjanstepension AB lifted its position in Taiwan Semiconductor Manufacturing by 4.8% during the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after acquiring an additional 70,057 shares in the last quarter. Brookstone Capital Management lifted its position in Taiwan Semiconductor Manufacturing by 1.8% during the 3rd quarter. Brookstone Capital Management now owns 8,694 shares of the semiconductor company’s stock worth $1,510,000 after acquiring an additional 156 shares in the last quarter. CWM LLC lifted its position in Taiwan Semiconductor Manufacturing by 7.6% during the 3rd quarter. CWM LLC now owns 29,651 shares of the semiconductor company’s stock worth $5,149,000 after acquiring an additional 2,097 shares in the last quarter. Quotient Wealth Partners LLC lifted its position in Taiwan Semiconductor Manufacturing by 9.1% during the 3rd quarter. Quotient Wealth Partners LLC now owns 1,564 shares of the semiconductor company’s stock worth $272,000 after acquiring an additional 131 shares in the last quarter. Finally, Clarius Group LLC lifted its position in Taiwan Semiconductor Manufacturing by 4.5% during the 3rd quarter. Clarius Group LLC now owns 4,051 shares of the semiconductor company’s stock worth $704,000 after acquiring an additional 175 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays lifted their price objective on 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 given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $206.25 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $122.91 and a twelve month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.07 trillion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The business has a 50 day simple moving average of $204.71 and a 200-day simple moving average of $187.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.06%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

About Taiwan Semiconductor Manufacturing

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.