Windacre Partnership LLC Reduces Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Windacre Partnership LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 28.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,854,000 shares of the semiconductor company’s stock after selling 1,161,000 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 5.3% of Windacre Partnership LLC’s investment portfolio, making the stock its 7th biggest holding. Windacre Partnership LLC owned 0.06% of Taiwan Semiconductor Manufacturing worth $388,287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSM. IFG Advisory LLC raised its position in Taiwan Semiconductor Manufacturing by 23.8% in the fourth quarter. IFG Advisory LLC now owns 3,190 shares of the semiconductor company’s stock worth $332,000 after acquiring an additional 613 shares in the last quarter. Chilton Capital Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 212.2% in the 4th quarter. Chilton Capital Management LLC now owns 1,152 shares of the semiconductor company’s stock worth $120,000 after purchasing an additional 783 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in Taiwan Semiconductor Manufacturing by 4.2% in the 4th quarter. Pinnacle Associates Ltd. now owns 12,289 shares of the semiconductor company’s stock worth $1,278,000 after purchasing an additional 493 shares in the last quarter. Realta Investment Advisors increased its stake in Taiwan Semiconductor Manufacturing by 22.6% in the 4th quarter. Realta Investment Advisors now owns 7,096 shares of the semiconductor company’s stock worth $738,000 after purchasing an additional 1,307 shares in the last quarter. Finally, WT Asset Management Ltd purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $65,302,000. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. TD Cowen lifted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, Sanford C. Bernstein lifted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 3.4 %

Shares of NYSE TSM traded down $5.47 during trading hours on Tuesday, hitting $154.54. The stock had a trading volume of 21,848,987 shares, compared to its average volume of 15,855,628. The company has a market capitalization of $801.51 billion, a P/E ratio of 29.44, a P/E/G ratio of 0.96 and a beta of 1.14. The firm’s 50-day moving average price is $169.81 and its two-hundred day moving average price is $146.31. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $193.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 EPS. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $0.4865 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.26%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.57%.

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.