Ethic Inc. Decreases Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ethic Inc. decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,818 shares of the semiconductor company’s stock after selling 1,994 shares during the quarter. Ethic Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $12,801,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $25,000. IMG Wealth Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $26,000. Hopwood Financial Services Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $27,000. Roxbury Financial LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $29,000. Finally, Accredited Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $31,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 0.4 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $175.23 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40. The company has a market cap of $908.80 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The company’s 50 day moving average is $165.80 and its 200 day moving average is $187.81.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $25.82 billion during the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 27.76%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Barclays reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

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.