Jupiter Asset Management Ltd. Decreases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Jupiter Asset Management Ltd. lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 22.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 207,703 shares of the semiconductor company’s stock after selling 58,451 shares during the period. Jupiter Asset Management Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $28,258,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Sanders Capital LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 3.5% in the fourth quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock valued at $4,630,842,000 after purchasing an additional 1,501,548 shares during the last quarter. Capital World Investors boosted its stake in shares of Taiwan Semiconductor Manufacturing by 11.4% during the 4th 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. Fisher Asset Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after buying an additional 442,289 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Taiwan Semiconductor Manufacturing by 6.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock worth $2,958,134,000 after buying an additional 1,649,279 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Taiwan Semiconductor Manufacturing by 53.4% in 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 acquiring an additional 6,060,511 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM traded down $6.10 during trading hours on Friday, reaching $165.77. The company’s stock had a trading volume of 22,585,296 shares, compared to its average volume of 18,249,166. 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 business has a 50-day simple moving average of $168.40 and a 200 day simple moving average of $142.98. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $193.47. The stock has a market cap of $859.75 billion, a PE ratio of 31.58, a PEG ratio of 1.06 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The business had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same period in the prior year, the firm earned $1.14 EPS. The business’s quarterly revenue was up 34.6% on a year-over-year basis. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.27 earnings per share 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. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. This is an increase 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 1.17%. Taiwan Semiconductor Manufacturing’s payout ratio is 32.57%.

Analysts Set New Price Targets

Several brokerages have weighed in on TSM. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the company a “positive” rating in a report on Thursday, July 11th. TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday. Sanford C. Bernstein lifted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Finally, Needham & Company LLC upped their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $200.00.

About Taiwan Semiconductor Manufacturing

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.