Malaga Cove Capital LLC Cuts Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Malaga Cove Capital LLC lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 26,784 shares of the semiconductor company’s stock after selling 137 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 1.2% of Malaga Cove Capital LLC’s holdings, making the stock its 18th largest holding. Malaga Cove Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,786,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Loudon Investment Management LLC raised its position in Taiwan Semiconductor Manufacturing by 4.1% in the fourth quarter. Loudon Investment Management LLC now owns 15,270 shares of the semiconductor company’s stock valued at $1,588,000 after purchasing an additional 600 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 172.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 12,917 shares of the semiconductor company’s stock valued at $1,343,000 after purchasing an additional 8,173 shares during the period. Summit Global Investments lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.2% during the fourth quarter. Summit Global Investments now owns 40,494 shares of the semiconductor company’s stock worth $4,211,000 after purchasing an additional 464 shares in the last quarter. Intelligence Driven Advisers LLC grew its holdings in Taiwan Semiconductor Manufacturing by 103.4% during the 4th quarter. Intelligence Driven Advisers LLC now owns 6,176 shares of the semiconductor company’s stock valued at $698,000 after purchasing an additional 3,140 shares in the last quarter. Finally, Natixis Advisors L.P. increased its position in shares of Taiwan Semiconductor Manufacturing by 12.1% during the fourth quarter. Natixis Advisors L.P. now owns 1,802,208 shares of the semiconductor company’s stock worth $187,429,000 after acquiring an additional 193,990 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded up $5.33 during midday trading on Friday, hitting $141.56. 13,264,336 shares of the stock were exchanged, compared to its average volume of 15,843,582. The business has a 50-day moving average price of $138.12 and a two-hundred day moving average price of $116.26. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $734.19 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 1.01 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $82.53 and a one year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.76%.

Analyst Ratings Changes

Several brokerages have weighed in on TSM. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna raised their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

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.