Mirova US LLC Sells 344,100 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mirova US LLC decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 16.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,699,845 shares of the semiconductor company’s stock after selling 344,100 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 4.0% of Mirova US LLC’s holdings, making the stock its 9th biggest holding. Mirova US LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $335,702,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TSM. Victory Capital Management Inc. increased its position in Taiwan Semiconductor Manufacturing by 116.0% during the third quarter. Victory Capital Management Inc. now owns 104,657 shares of the semiconductor company’s stock worth $18,176,000 after buying an additional 56,211 shares during the period. KBC Group NV increased its position in Taiwan Semiconductor Manufacturing by 47.2% during the third quarter. KBC Group NV now owns 28,572 shares of the semiconductor company’s stock worth $4,962,000 after buying an additional 9,168 shares during the period. Empowered Funds LLC increased its position in Taiwan Semiconductor Manufacturing by 13.3% during the third quarter. Empowered Funds LLC now owns 20,073 shares of the semiconductor company’s stock worth $3,486,000 after buying an additional 2,360 shares during the period. Atlanta Consulting Group Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 31.8% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 1,593 shares of the semiconductor company’s stock worth $277,000 after buying an additional 384 shares during the period. Finally, Claro Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 21.9% during the third quarter. Claro Advisors LLC now owns 2,865 shares of the semiconductor company’s stock worth $498,000 after buying an additional 514 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 1.3 %

Taiwan Semiconductor Manufacturing stock opened at $176.36 on Tuesday. The stock’s 50 day moving average price is $198.35 and its 200 day moving average price is $192.07. The company has a market cap of $914.67 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly 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%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.55%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

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.