Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 18.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,304 shares of the semiconductor company’s stock after selling 7,760 shares during the period. Advisors Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $5,958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. ProShare Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $210,000. CreativeOne Wealth LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 25.8% during the first quarter. CreativeOne Wealth LLC now owns 4,208 shares of the semiconductor company’s stock worth $573,000 after purchasing an additional 863 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 5.8% during the first quarter. EP Wealth Advisors LLC now owns 14,511 shares of the semiconductor company’s stock worth $1,974,000 after purchasing an additional 794 shares during the period. Axxcess Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $976,000. Finally, Sheaff Brock Investment Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 8.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 2,180 shares of the semiconductor company’s stock valued at $297,000 after buying an additional 174 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSM has been the subject of several recent analyst reports. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Finally, Barclays raised their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $190.65 on Friday. The company has a market cap of $988.79 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 0.87 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $187.57 and a 200-day moving average of $173.35. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $95.25 and a 12-month high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The company had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.15%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

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.