Perpetual Ltd Reduces Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Perpetual Ltd reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 28.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 354,484 shares of the semiconductor company’s stock after selling 142,872 shares during the quarter. Perpetual Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $70,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. King Luther Capital Management Corp raised its holdings in Taiwan Semiconductor Manufacturing by 4.7% in the second quarter. King Luther Capital Management Corp now owns 6,812 shares of the semiconductor company’s stock worth $1,184,000 after purchasing an additional 308 shares in the last quarter. AE Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 10.1% in the second quarter. AE Wealth Management LLC now owns 14,481 shares of the semiconductor company’s stock worth $2,517,000 after buying an additional 1,328 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Taiwan Semiconductor Manufacturing by 23,886.2% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 13,912 shares of the semiconductor company’s stock valued at $2,420,000 after purchasing an additional 13,854 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 24.2% in the 2nd quarter. Summit Trail Advisors LLC now owns 2,528 shares of the semiconductor company’s stock worth $441,000 after buying an additional 493 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 0.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,733 shares of the semiconductor company’s stock valued at $3,082,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TSM. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday. Needham & Company LLC reissued a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $211.52 on Tuesday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $109.48 and a twelve month high of $222.20. The business has a 50-day moving average price of $198.02 and a 200-day moving average price of $184.52. The firm has a market cap of $1.10 trillion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 0.71 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 8.98 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

Taiwan Semiconductor Manufacturing 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.