Jacobi Capital Management LLC Sells 788 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Jacobi Capital Management LLC lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,261 shares of the semiconductor company’s stock after selling 788 shares during the period. Jacobi Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $852,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TSM. CapWealth Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 21.1% during the fourth quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after purchasing an additional 21,329 shares in the last quarter. Dodge & Cox acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $6,396,000. Fisher Asset Management LLC grew its position in Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after acquiring an additional 442,289 shares during the period. Aigen Investment Management LP acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $553,000. Finally, Credit Capital Investments LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 9.4% during the 4th quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock worth $6,032,000 after purchasing an additional 5,000 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 2.2 %

NYSE TSM traded up $3.59 during trading on Monday, hitting $169.37. The stock had a trading volume of 21,011,800 shares, compared to its average volume of 15,779,038. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $193.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The company’s 50-day moving average price is $168.40 and its two-hundred day moving average price is $143.28. The company has a market capitalization of $878.40 billion, a PE ratio of 31.90, a P/E/G ratio of 1.06 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The business had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.27 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.15%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TSM shares. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Needham & Company LLC upped their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $200.00.

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.