OVERSEA CHINESE BANKING Corp Ltd Has $81.77 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

OVERSEA CHINESE BANKING Corp Ltd reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 412,909 shares of the semiconductor company’s stock after selling 80,801 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 2.3% of OVERSEA CHINESE BANKING Corp Ltd’s holdings, making the stock its 9th biggest position. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $81,768,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TSM. Stonebridge Financial Group LLC bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $25,000. IMG Wealth Management Inc. bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $26,000. Hopwood Financial Services Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $27,000. Roxbury Financial LLC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $29,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $40,000. 16.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on TSM. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 1.8 %

TSM stock opened at $173.09 on Wednesday. The company’s 50 day simple moving average is $197.58 and its 200-day simple moving average is $192.08. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. 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 has a market capitalization of $897.70 billion, a P/E ratio of 24.59, a P/E/G ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its 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 return on equity of 30.47% and a net margin of 40.51%. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.58%. 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.