Patten Group Inc. decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 37.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,025 shares of the semiconductor company’s stock after selling 1,793 shares during the quarter. Patten Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $315,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of TSM. Capital World Investors raised its stake in shares of Taiwan Semiconductor Manufacturing by 9.9% in the second quarter. Capital World Investors now owns 34,673,330 shares of the semiconductor company’s stock valued at $3,499,184,000 after acquiring an additional 3,129,635 shares during the period. Morgan Stanley raised its stake in shares of Taiwan Semiconductor Manufacturing by 27.7% in the fourth quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock valued at $2,421,936,000 after acquiring an additional 7,045,899 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Taiwan Semiconductor Manufacturing by 2.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company’s stock valued at $2,328,426,000 after acquiring an additional 666,826 shares during the period. Van ECK Associates Corp raised its stake in shares of Taiwan Semiconductor Manufacturing by 29.6% in the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock valued at $1,285,736,000 after acquiring an additional 3,381,514 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 24.5% in the first quarter. BlackRock Inc. now owns 12,047,759 shares of the semiconductor company’s stock valued at $1,120,683,000 after acquiring an additional 2,373,242 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Trading Up 1.4 %
NYSE TSM opened at $136.77 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40. The company has a market capitalization of $709.35 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.03 and a beta of 1.15. The company’s 50-day simple moving average is $124.63 and its two-hundred day simple moving average is $105.12. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $81.21 and a one year high of $158.40.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The business had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.19 EPS for the current fiscal year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 33.78%.
Analyst Ratings Changes
Several brokerages have recently weighed in on TSM. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a report on Friday, January 12th. Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Tuesday, February 13th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, December 8th. Finally, Needham & Company LLC upped their price target on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” rating in a report on Friday, January 19th. One 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, the company currently has an average rating of “Moderate Buy” and an average price target of $128.25.
Get Our Latest Stock Report on Taiwan Semiconductor Manufacturing
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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.
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