Wesbanco Bank Inc. decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 5.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,314 shares of the semiconductor company’s stock after selling 300 shares during the period. Wesbanco Bank Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $462,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Waverly Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 3.8% during the 3rd quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock worth $273,000 after buying an additional 116 shares during the last quarter. Cresset Asset Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 0.7% in the 1st quarter. Cresset Asset Management LLC now owns 18,334 shares of the semiconductor company’s stock valued at $1,712,000 after purchasing an additional 124 shares during the period. FinTrust Capital Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 25.1% in the 4th quarter. FinTrust Capital Advisors LLC now owns 623 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 125 shares during the period. Alera Investment Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 2.3% in the 3rd quarter. Alera Investment Advisors LLC now owns 5,585 shares of the semiconductor company’s stock valued at $485,000 after purchasing an additional 128 shares during the period. Finally, Enterprise Financial Services Corp raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.9% in the 1st quarter. Enterprise Financial Services Corp now owns 7,108 shares of the semiconductor company’s stock valued at $661,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a report on Tuesday, February 13th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, January 19th. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a report on Friday, January 12th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, December 8th. Finally, Needham & Company LLC increased their price target on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.25.
Read Our Latest Stock Analysis on Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Stock Performance
Shares of Taiwan Semiconductor Manufacturing stock opened at $137.04 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $81.21 and a fifty-two week high of $158.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. The firm has a market capitalization of $710.75 billion, a P/E ratio of 26.46, a P/E/G ratio of 3.21 and a beta of 1.15. The company’s 50 day moving average price is $123.28 and its two-hundred day moving average price is $104.39.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The firm had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.17 earnings per share for the current fiscal year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 33.59%.
About Taiwan Semiconductor Manufacturing
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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