Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Values First Advisors Inc.

Values First Advisors Inc. lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 27.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,475 shares of the semiconductor company’s stock after selling 566 shares during the quarter. Values First Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $256,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tennessee Valley Asset Management Partners purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth $37,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Taiwan Semiconductor Manufacturing by 10.7% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 644,037 shares of the semiconductor company’s stock worth $66,980,000 after buying an additional 62,125 shares during the period. Mackenzie Financial Corp lifted its holdings in Taiwan Semiconductor Manufacturing by 6.7% in the 4th quarter. Mackenzie Financial Corp now owns 91,559 shares of the semiconductor company’s stock worth $9,522,000 after buying an additional 5,732 shares in the last quarter. SVB Wealth LLC boosted its position in Taiwan Semiconductor Manufacturing by 3.7% in the 4th quarter. SVB Wealth LLC now owns 22,033 shares of the semiconductor company’s stock valued at $2,291,000 after buying an additional 777 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Taiwan Semiconductor Manufacturing by 1.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,961 shares of the semiconductor company’s stock valued at $1,452,000 after acquiring an additional 150 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TSM shares. Susquehanna reaffirmed a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday. TD Cowen upped their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Barclays raised their price objective 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. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Sanford C. Bernstein raised their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded up $0.58 during trading on Friday, reaching $174.54. 10,709,972 shares of the company were exchanged, compared to its average volume of 21,614,538. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a market cap of $905.24 billion, a P/E ratio of 33.25, a PEG ratio of 1.00 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $193.47. The firm has a 50 day moving average of $171.29 and a 200 day moving average of $150.73.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The firm had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. During the same period last year, the firm posted $1.14 EPS. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% compared to the same quarter last year. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.44 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 32.57%.

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.