Mizuho Markets Americas LLC Sells 12,354 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mizuho Markets Americas LLC lessened its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 82.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,546 shares of the semiconductor company’s stock after selling 12,354 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $442,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. First Long Island Investors LLC raised its stake in Taiwan Semiconductor Manufacturing by 25.0% during the 3rd quarter. First Long Island Investors LLC now owns 105,984 shares of the semiconductor company’s stock valued at $18,406,000 after purchasing an additional 21,165 shares during the last quarter. KCM Investment Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 8.8% in the third quarter. KCM Investment Advisors LLC now owns 8,406 shares of the semiconductor company’s stock valued at $1,460,000 after acquiring an additional 682 shares during the period. Archer Investment Corp grew its stake in Taiwan Semiconductor Manufacturing by 48.1% during the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after buying an additional 62 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 13.3% in the third quarter. Empowered Funds LLC now owns 20,073 shares of the semiconductor company’s stock valued at $3,486,000 after buying an additional 2,360 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 2.5% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 6,588 shares of the semiconductor company’s stock worth $1,144,000 after buying an additional 162 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TSM shares. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Trading Down 1.3 %

TSM opened at $186.01 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. The company has a fifty day moving average price of $185.79 and a two-hundred day moving average price of $172.16. The company has a market cap of $964.72 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.30%. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.18%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

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.