Taiwan Semiconductor Manufacturing Company Ltd. $TSM Stock Position Decreased by Bamco Inc. NY

Bamco Inc. NY cut its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 9.9% in the 2nd quarter, Holdings Channel reports. The firm owned 579,204 shares of the semiconductor company’s stock after selling 63,893 shares during the quarter. Bamco Inc. NY’s holdings in Taiwan Semiconductor Manufacturing were worth $131,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of TSM. Alliance Wealth Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.4% in the second quarter. Alliance Wealth Advisors LLC now owns 1,815 shares of the semiconductor company’s stock valued at $411,000 after purchasing an additional 43 shares during the period. Pflug Koory LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.9% in the 2nd quarter. Pflug Koory LLC now owns 1,133 shares of the semiconductor company’s stock worth $257,000 after buying an additional 43 shares in the last quarter. Frazier Financial Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 9.1% in the second quarter. Frazier Financial Advisors LLC now owns 517 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.2% during the second quarter. Flagship Harbor Advisors LLC now owns 3,621 shares of the semiconductor company’s stock valued at $820,000 after purchasing an additional 43 shares during the last quarter. Finally, Liberty One Investment Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 4.3% during the 2nd quarter. Liberty One Investment Management LLC now owns 1,076 shares of the semiconductor company’s stock valued at $244,000 after acquiring an additional 44 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $360.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Itau BBA Securities assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They issued an “outperform” rating for the company. UBS Group set a $330.00 price objective on Taiwan Semiconductor Manufacturing in a report on Sunday, December 7th. Finally, Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $355.00.

Taiwan Semiconductor Manufacturing Trading Down 4.3%

Shares of TSM stock opened at $291.87 on Friday. The stock has a market cap of $1.51 trillion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 1.05 and a beta of 1.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.69. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $313.98. The firm has a fifty day moving average of $293.64 and a 200-day moving average of $256.34.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.33. The company had revenue of $32.36 billion for the quarter, compared to analyst estimates of $951.89 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.The company’s revenue was up 40.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.94 EPS. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be given a $0.9678 dividend. This represents a $3.87 dividend on an annualized basis and a yield of 1.3%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 25.85%.

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.