Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Holdings Decreased by Premier Fund Managers Ltd

Premier Fund Managers Ltd lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 36.8% during the third quarter, HoldingsChannel.com reports. The firm owned 38,684 shares of the semiconductor company’s stock after selling 22,516 shares during the period. Premier Fund Managers Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $6,885,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TSM. Capital World Investors lifted its holdings in Taiwan Semiconductor Manufacturing by 1.7% during the 1st quarter. Capital World Investors now owns 42,061,083 shares of the semiconductor company’s stock worth $5,722,410,000 after buying an additional 704,804 shares during the last quarter. Capital International Investors raised its position in shares of Taiwan Semiconductor Manufacturing by 40.2% during the 1st quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock valued at $2,679,602,000 after acquiring an additional 5,643,949 shares in the last quarter. Van ECK Associates Corp lifted its stake in Taiwan Semiconductor Manufacturing by 0.7% during the third quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock worth $3,176,423,000 after purchasing an additional 122,828 shares during the last quarter. WCM Investment Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 14.1% in the third quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock worth $1,733,104,000 after purchasing an additional 1,206,359 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,873,873 shares of the semiconductor company’s stock worth $1,071,242,000 after purchasing an additional 296,892 shares during the period. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 1.2 %

Shares of TSM stock opened at $189.72 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60. The stock has a fifty day moving average of $186.82 and a two-hundred day moving average of $173.13. 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 firm has a market capitalization of $983.97 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders 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 is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.16%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

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.