Earnest Partners LLC Has $42.65 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Earnest Partners LLC trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 313,453 shares of the semiconductor company’s stock after selling 24,752 shares during the period. Earnest Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $42,645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Cadence Bank increased its holdings in Taiwan Semiconductor Manufacturing by 0.5% during the first quarter. Cadence Bank now owns 15,004 shares of the semiconductor company’s stock worth $2,041,000 after buying an additional 69 shares during the last quarter. Joel Isaacson & Co. LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 2.5% in the first quarter. Joel Isaacson & Co. LLC now owns 3,048 shares of the semiconductor company’s stock valued at $415,000 after purchasing an additional 74 shares during the last quarter. Toth Financial Advisory Corp increased its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% in the first quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock valued at $311,000 after purchasing an additional 74 shares during the last quarter. Principle Wealth Partners LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% in the first quarter. Principle Wealth Partners LLC now owns 5,940 shares of the semiconductor company’s stock valued at $808,000 after purchasing an additional 77 shares during the last quarter. Finally, BOKF NA increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.8% in the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 81 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded down $1.97 on Monday, hitting $159.97. 12,642,004 shares of the stock were exchanged, compared to its average volume of 15,813,071. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47. The business has a 50-day moving average of $169.66 and a two-hundred day moving average of $145.52. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The firm has a market capitalization of $829.67 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 0.96 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping 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 business had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. During the same quarter in the prior year, the business posted $1.14 earnings per share. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% compared to the same quarter last year. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be given a dividend of $0.4865 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. This represents a $1.95 annualized dividend and a yield of 1.22%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.57%.

Wall Street Analyst Weigh In

TSM has been the topic of several research reports. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Sanford C. Bernstein boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Finally, Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

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.