Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,996 shares of the semiconductor company’s stock after selling 100 shares during the period. Harbor Investment Advisory LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $208,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in Taiwan Semiconductor Manufacturing by 30.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company’s stock worth $144,071,000 after acquiring an additional 318,570 shares during the last quarter. Zions Bancorporation N.A. raised its position in Taiwan Semiconductor Manufacturing by 29.2% in the 1st quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 135 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in Taiwan Semiconductor Manufacturing by 40.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company’s stock valued at $1,324,000 after purchasing an additional 3,638 shares during the last quarter. Merit Financial Group LLC increased its stake in Taiwan Semiconductor Manufacturing by 17.3% in the 1st quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company’s stock valued at $245,000 after buying an additional 346 shares during the period. Finally, Ergoteles LLC grew its stake in Taiwan Semiconductor Manufacturing by 138.6% in the 1st quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock valued at $4,744,000 after acquiring an additional 26,426 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 0.7 %

TSM stock opened at $147.20 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $81.21 and a twelve month high of $158.40. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $763.44 billion, a P/E ratio of 28.42, a PEG ratio of 1.12 and a beta of 1.15. The firm has a 50 day simple moving average of $134.98 and a 200-day simple moving average of $110.91.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last released its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The business had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 33.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TSM shares. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Needham & Company LLC increased their price objective on shares of Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, January 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Read Our Latest Stock Analysis on TSM

About Taiwan Semiconductor Manufacturing

(Free Report)

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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