Point72 Italy S.r.l. Reduces Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Point72 Italy S.r.l. lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 186,870 shares of the semiconductor company’s stock after selling 11,439 shares during the period. Taiwan Semiconductor Manufacturing comprises 10.6% of Point72 Italy S.r.l.’s holdings, making the stock its 2nd biggest position. Point72 Italy S.r.l.’s holdings in Taiwan Semiconductor Manufacturing were worth $32,454,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $25,000. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $27,000. NewSquare Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $29,000. Finally, Fairscale Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $198.89 on Wednesday. The stock has a market capitalization of $1.03 trillion, a PE ratio of 31.87, a P/E/G ratio of 0.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60. The company’s 50 day simple moving average is $189.90 and its 200 day simple moving average is $175.95.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.10%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.57%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TSM shares. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating and four have given 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 $214.00.

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.