Commerzbank Aktiengesellschaft FI Lowers Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Commerzbank Aktiengesellschaft FI reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 51.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,538 shares of the semiconductor company’s stock after selling 1,636 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Taiwan Semiconductor Manufacturing were worth $268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TSM. Van ECK Associates Corp increased its stake in shares of Taiwan Semiconductor Manufacturing by 53.4% during the first quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company’s stock valued at $2,369,473,000 after buying an additional 6,060,511 shares during the period. Capital International Investors grew its stake 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 purchasing an additional 5,643,949 shares during the period. Capital World Investors increased its holdings in Taiwan Semiconductor Manufacturing by 11.4% during the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock valued at $4,301,178,000 after buying an additional 4,240,928 shares during the last quarter. PineStone Asset Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 116.3% during the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock valued at $1,352,992,000 after purchasing an additional 4,186,133 shares during the period. Finally, Harding Loevner LP raised its stake in Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock worth $1,222,768,000 after acquiring an additional 2,008,043 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TSM shares. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Sanford C. Bernstein increased their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Finally, Susquehanna reaffirmed a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded down $0.60 during trading hours on Wednesday, hitting $171.44. The company’s stock had a trading volume of 9,276,172 shares, compared to its average volume of 16,096,214. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $171.56 and a 200 day moving average of $151.83. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47. The stock has a market cap of $889.16 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The business’s revenue was up 34.6% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.14%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 36.95%.

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.