Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise reduced its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,672 shares of the semiconductor company’s stock after selling 7,077 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Taiwan Semiconductor Manufacturing were worth $10,016,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. ProShare Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth $210,000. Clearbridge Investments LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 4,820.0% in the 1st quarter. Clearbridge Investments LLC now owns 483,491 shares of the semiconductor company’s stock worth $65,779,000 after purchasing an additional 473,664 shares during the period. Lake Street Advisors Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $1,463,000. National Bank of Canada FI grew its holdings in shares of Taiwan Semiconductor Manufacturing by 24.6% during the 1st quarter. National Bank of Canada FI now owns 268,180 shares of the semiconductor company’s stock worth $39,958,000 after purchasing an additional 52,925 shares during the period. Finally, InterOcean Capital Group LLC increased its position in Taiwan Semiconductor Manufacturing by 0.9% during the 1st quarter. InterOcean Capital Group LLC now owns 19,578 shares of the semiconductor company’s stock worth $2,664,000 after purchasing an additional 169 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $187.44 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm’s fifty day moving average price is $186.28 and its 200 day moving average price is $172.79. The company has a market capitalization of $972.14 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $95.25 and a 12-month high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate 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 business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company 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. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday. Barclays increased 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. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus 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.