Hancock Whitney Corp Has $1.34 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Hancock Whitney Corp cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,804 shares of the semiconductor company’s stock after selling 505 shares during the period. Hancock Whitney Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $1,344,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Science & Technology Partners L.P. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $3,900,000. Voya Investment Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 39.1% during the 4th quarter. Voya Investment Management LLC now owns 2,342,671 shares of the semiconductor company’s stock worth $462,629,000 after acquiring an additional 658,859 shares during the period. RiverPark Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 5.2% in the 4th quarter. RiverPark Advisors LLC now owns 19,969 shares of the semiconductor company’s stock valued at $3,944,000 after acquiring an additional 995 shares in the last quarter. Analog Century Management LP lifted its position in shares of Taiwan Semiconductor Manufacturing by 2.7% during the 4th quarter. Analog Century Management LP now owns 506,863 shares of the semiconductor company’s stock valued at $100,100,000 after acquiring an additional 13,435 shares during the period. Finally, Beck Capital Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $1,593,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $165.28 on Friday. The stock has a market cap of $857.21 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 0.66 and a beta of 1.16. 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 company has a 50 day simple moving average of $169.09 and a 200 day simple moving average of $189.15. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $133.21 and a 1 year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Research analysts anticipate 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. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 27.76%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TSM shares. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Barclays reissued a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Finally, Susquehanna restated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

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.