Perennial Investment Advisors LLC Reduces Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Perennial Investment Advisors LLC decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,725 shares of the semiconductor company’s stock after selling 142 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TSM. BOKF NA lifted its holdings in Taiwan Semiconductor Manufacturing by 4.8% during the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 81 shares in the last quarter. Dodge & Cox bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $6,396,000. Aigen Investment Management LP purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $553,000. Credit Capital Investments LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 9.4% in the fourth quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock valued at $6,032,000 after acquiring an additional 5,000 shares during the period. Finally, Cetera Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 80.7% during the first quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock valued at $10,787,000 after acquiring an additional 35,404 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 2.0 %

TSM opened at $169.08 on Tuesday. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $168.29 and its 200 day simple moving average is $157.16. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $193.47. The stock has a market cap of $876.92 billion, a PE ratio of 32.21, a P/E/G ratio of 1.00 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 36.95%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Susquehanna reiterated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Needham & Company LLC raised their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Finally, Sanford C. Bernstein lifted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.