Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 5.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 140,746 shares of the semiconductor company’s stock after selling 8,069 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $39,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BIT Capital GmbH raised its holdings in shares of Taiwan Semiconductor Manufacturing by 24.6% in the third quarter. BIT Capital GmbH now owns 378,179 shares of the semiconductor company’s stock worth $105,622,000 after acquiring an additional 74,695 shares during the last quarter. Y.D. More Investments Ltd raised its stake in Taiwan Semiconductor Manufacturing by 17.9% in the 3rd quarter. Y.D. More Investments Ltd now owns 133,817 shares of the semiconductor company’s stock valued at $37,372,000 after purchasing an additional 20,359 shares during the last quarter. Factory Mutual Insurance Co. lifted its holdings in Taiwan Semiconductor Manufacturing by 39.7% in the 3rd quarter. Factory Mutual Insurance Co. now owns 288,325 shares of the semiconductor company’s stock valued at $80,526,000 after purchasing an additional 81,905 shares in the last quarter. Value Star Asset Management Hong Kong Ltd boosted its stake in shares of Taiwan Semiconductor Manufacturing by 100.0% during the 3rd quarter. Value Star Asset Management Hong Kong Ltd now owns 30,000 shares of the semiconductor company’s stock worth $8,379,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Wealth Alliance LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.5% during the third quarter. Wealth Alliance LLC now owns 17,538 shares of the semiconductor company’s stock worth $4,898,000 after buying an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 0.5%

Shares of TSM opened at $360.48 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $380.00. The company’s fifty day moving average is $326.45 and its two-hundred day moving average is $291.85. The firm has a market cap of $1.87 trillion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 1.01 and a beta of 1.31. The company has a quick ratio of 2.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Friday, November 14th. The semiconductor company reported $14.32 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 36.18% and a net margin of 45.13%.The business had revenue of $32.50 billion for the quarter. Analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 11th will be paid a $0.9503 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 11th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 23.57%.

Analyst Ratings Changes

TSM has been the subject of a number of analyst reports. Zacks Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Freedom Capital upgraded Taiwan Semiconductor Manufacturing to a “strong-buy” rating in a report on Thursday, January 15th. Wedbush reissued an “outperform” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, February 11th. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, Argus upgraded Taiwan Semiconductor Manufacturing to a “strong-buy” rating in a research note on Thursday, January 15th. Four research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Buy” and an average price target of $391.43.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.