Farmers & Merchants Investments Inc. Sells 11,968 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Farmers & Merchants Investments Inc. trimmed its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 11.7% during the third quarter, HoldingsChannel.com reports. The firm owned 89,943 shares of the semiconductor company’s stock after selling 11,968 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 0.7% of Farmers & Merchants Investments Inc.’s portfolio, making the stock its 28th largest position. Farmers & Merchants Investments Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $25,120,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TSM. Atlas Brown Inc. grew its stake in Taiwan Semiconductor Manufacturing by 10.1% during the third quarter. Atlas Brown Inc. now owns 2,461 shares of the semiconductor company’s stock valued at $687,000 after acquiring an additional 226 shares in the last quarter. Annex Advisory Services LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 1.6% in the third quarter. Annex Advisory Services LLC now owns 56,331 shares of the semiconductor company’s stock worth $15,733,000 after buying an additional 868 shares in the last quarter. Lakeshore Capital Group Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 2.6% during the third quarter. Lakeshore Capital Group Inc. now owns 10,149 shares of the semiconductor company’s stock valued at $2,835,000 after buying an additional 257 shares during the period. Goldstone Financial Group LLC increased its stake in Taiwan Semiconductor Manufacturing by 5.0% in the 3rd quarter. Goldstone Financial Group LLC now owns 1,521 shares of the semiconductor company’s stock worth $425,000 after acquiring an additional 72 shares during the last quarter. Finally, Norris Perne & French LLP MI boosted its position in shares of Taiwan Semiconductor Manufacturing by 8.3% during the 3rd quarter. Norris Perne & French LLP MI now owns 152,598 shares of the semiconductor company’s stock valued at $42,619,000 after acquiring an additional 11,736 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.7%

NYSE:TSM opened at $300.83 on Tuesday. The company has a 50-day moving average price of $292.38 and a 200-day moving average price of $264.04. The stock has a market cap of $1.56 trillion, a price-to-earnings ratio of 30.85, a P/E/G ratio of 1.04 and a beta of 1.31. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $313.98.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Friday, November 14th. The semiconductor company reported $14.32 EPS for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 17th will be given a dividend of $0.9678 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $3.87 dividend on an annualized basis and a yield of 1.3%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 25.85%.

Wall Street Analyst Weigh In

A number of research firms have commented on TSM. UBS Group set a $330.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Sunday, December 7th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 17th. Needham & Company LLC reissued a “buy” rating and set a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Itau BBA Securities initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They set an “outperform” rating for the company. Finally, Sanford C. Bernstein increased their target price on Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the company an “outperform” rating in a report on Sunday, December 7th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Buy” and a consensus price target of $355.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.