Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Position Lowered by Simmons Bank

Simmons Bank trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,571 shares of the semiconductor company’s stock after selling 62 shares during the period. Simmons Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $273,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. BOKF NA boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.8% during the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 81 shares during the period. HF Advisory Group LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 55.5% during the 3rd quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock valued at $2,389,000 after buying an additional 4,907 shares during the period. Impax Asset Management Group plc increased its stake in shares of Taiwan Semiconductor Manufacturing by 33.7% in the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock worth $4,588,000 after acquiring an additional 6,664 shares during the last quarter. Advisor Resource Council purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth $613,000. Finally, Callahan Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 67.1% during the third quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company’s stock valued at $1,452,000 after purchasing an additional 3,358 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $188.56 on Friday. The company has a market cap of $977.95 billion, a P/E ratio of 30.22, a P/E/G ratio of 0.89 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $184.70 and a 200 day simple moving average of $171.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.16%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

Taiwan Semiconductor Manufacturing 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.