Bank of Marin Lowers Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bank of Marin reduced its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,349 shares of the semiconductor company’s stock after selling 59 shares during the period. Bank of Marin’s holdings in Taiwan Semiconductor Manufacturing were worth $661,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Andar Capital Management HK Ltd lifted its position in Taiwan Semiconductor Manufacturing by 90.6% during the 4th quarter. Andar Capital Management HK Ltd now owns 32,400 shares of the semiconductor company’s stock valued at $6,399,000 after acquiring an additional 15,400 shares during the period. Boston Partners purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $12,949,000. Evoke Wealth LLC raised its holdings in Taiwan Semiconductor Manufacturing by 34.7% in the fourth quarter. Evoke Wealth LLC now owns 7,885 shares of the semiconductor company’s stock worth $1,562,000 after buying an additional 2,032 shares during the last quarter. Horizon Investments LLC raised its holdings in Taiwan Semiconductor Manufacturing by 39.6% in the fourth quarter. Horizon Investments LLC now owns 24,552 shares of the semiconductor company’s stock worth $4,849,000 after buying an additional 6,962 shares during the last quarter. Finally, PDS Planning Inc raised its holdings in Taiwan Semiconductor Manufacturing by 1.8% in the fourth quarter. PDS Planning Inc now owns 17,642 shares of the semiconductor company’s stock worth $3,484,000 after buying an additional 306 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $173.09 on Wednesday. The company has a 50 day moving average price of $197.58 and a 200-day moving average price of $192.08. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40. The firm has a market capitalization of $897.70 billion, a PE ratio of 24.59, a P/E/G ratio of 0.66 and a beta of 1.13. 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 announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (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%. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.58%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 30.68%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays lifted 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. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.