Easterly Investment Partners LLC Trims Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Easterly Investment Partners LLC reduced its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 18.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 66,616 shares of the semiconductor company’s stock after selling 15,006 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.0% of Easterly Investment Partners LLC’s investment portfolio, making the stock its 28th largest holding. Easterly Investment Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $11,579,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $25,000. LifeSteps Financial Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth about $27,000. Olistico Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. North Star Investment Management Corp. grew its stake in Taiwan Semiconductor Manufacturing by 670.4% during the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 181 shares in the last quarter. Finally, Sachetta LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $29,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 2.9 %

NYSE:TSM traded up $4.84 during trading hours on Friday, reaching $171.28. The company’s stock had a trading volume of 12,189,133 shares, compared to its average volume of 17,647,828. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The firm has a market capitalization of $888.33 billion, a price-to-earnings ratio of 32.62, a PEG ratio of 0.98 and a beta of 1.14. The firm has a 50-day simple moving average of $171.38 and a 200-day simple moving average of $152.86. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.57%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Susquehanna reissued a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. TD Cowen lifted 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, July 18th. Sanford C. Bernstein boosted 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. Needham & Company LLC lifted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Barclays lifted 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.