Edmond DE Rothschild Holding S.A. Sells 662 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Edmond DE Rothschild Holding S.A. decreased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 170,185 shares of the semiconductor company’s stock after selling 662 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Taiwan Semiconductor Manufacturing were worth $17,699,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mather Group LLC. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.0% in the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after purchasing an additional 96 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.3% in the 4th quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 96 shares during the period. Intrinsic Value Partners LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.4% in the 4th quarter. Intrinsic Value Partners LLC now owns 24,903 shares of the semiconductor company’s stock worth $2,590,000 after purchasing an additional 100 shares during the period. Atlas Private Wealth Advisors boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 104 shares during the period. Finally, Advisory Resource Group boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% in the 4th quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock worth $886,000 after purchasing an additional 108 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TSM. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. Needham & Company LLC restated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Finally, TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Up 1.9 %

Shares of TSM traded up $2.91 during midday trading on Monday, reaching $160.00. 11,908,200 shares of the stock were exchanged, compared to its average volume of 15,002,098. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $160.78. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $142.50 and its two-hundred day moving average is $123.51. The company has a market capitalization of $829.83 billion, a P/E ratio of 30.48, a PEG ratio of 1.15 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The business had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.4865 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.22%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

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 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.