Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Milestones Administradora de Recursos Ltda.’s 8th Largest Position

Milestones Administradora de Recursos Ltda. cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,040 shares of the semiconductor company’s stock after selling 9,850 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 4.4% of Milestones Administradora de Recursos Ltda.’s holdings, making the stock its 8th largest holding. Milestones Administradora de Recursos Ltda.’s holdings in Taiwan Semiconductor Manufacturing were worth $8,697,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TSM. AMF Tjanstepension AB increased its holdings in Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after buying an additional 70,057 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 5.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,817 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 100 shares during the last quarter. abrdn plc boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 11.9% in the 3rd quarter. abrdn plc now owns 239,742 shares of the semiconductor company’s stock valued at $41,589,000 after purchasing an additional 25,576 shares during the last quarter. Nicholas Hoffman & Company LLC. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.0% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 2,400 shares of the semiconductor company’s stock valued at $417,000 after purchasing an additional 69 shares during the last quarter. Finally, Mutual Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 26.6% during the 3rd quarter. Mutual Advisors LLC now owns 8,429 shares of the semiconductor company’s stock valued at $1,464,000 after acquiring an additional 1,772 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 6.7 %

Taiwan Semiconductor Manufacturing stock opened at $181.64 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $205.09 and a two-hundred day moving average price of $191.37. The firm has a market capitalization of $942.03 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.11%.

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.