TT International Asset Management LTD Reduces Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TT International Asset Management LTD lowered its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 75.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,729 shares of the semiconductor company’s stock after selling 101,126 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 0.7% of TT International Asset Management LTD’s investment portfolio, making the stock its 23rd largest holding. TT International Asset Management LTD’s holdings in Taiwan Semiconductor Manufacturing were worth $5,684,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. NewSquare Capital LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $29,000. Finally, Fairscale Capital LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on TSM shares. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Down 3.6 %

Shares of NYSE:TSM opened at $191.98 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $98.80 and a 12-month high of $212.60. The company has a market capitalization of $995.69 billion, a PE ratio of 30.77, a PEG ratio of 0.94 and a beta of 1.09. The business has a 50 day moving average of $191.62 and a two-hundred day moving average of $177.26. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results 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 return on equity of 27.44% and a net margin of 39.10%. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current 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 given a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.14%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

Taiwan Semiconductor Manufacturing Company Profile

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.