Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Aviva PLC

by · The Cerbat Gem

Aviva PLC trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 563,818 shares of the semiconductor company’s stock after selling 6,470 shares during the period. Aviva PLC’s holdings in Taiwan Semiconductor Manufacturing were worth $111,348,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Pilgrim Partners Asia Pte Ltd purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $160,000. KCM Investment Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 2.6% during the 4th quarter. KCM Investment Advisors LLC now owns 8,628 shares of the semiconductor company’s stock worth $1,704,000 after acquiring an additional 222 shares in the last quarter. ROI Financial Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.6% during the fourth quarter. ROI Financial Advisors LLC now owns 22,859 shares of the semiconductor company’s stock worth $4,515,000 after purchasing an additional 359 shares during the last quarter. Charles Lim Capital Ltd acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $29,624,000. Finally, Integrated Quantitative Investments LLC purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $11,178,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 6.7 %

TSM stock opened at $146.88 on Friday. The company has a market cap of $761.76 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The company has a fifty day moving average price of $186.54 and a 200 day moving average price of $192.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.87%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TSM. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Read Our Latest Report on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Profile

(Free Report)

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.

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