Blair William & Co. IL Sells 11,019 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Blair William & Co. IL cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 9.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,509 shares of the semiconductor company’s stock after selling 11,019 shares during the quarter. Blair William & Co. IL’s holdings in Taiwan Semiconductor Manufacturing were worth $11,626,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Panagora Asset Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 22.4% in the 1st quarter. Panagora Asset Management Inc. now owns 19,698 shares of the semiconductor company’s stock worth $2,054,000 after purchasing an additional 3,608 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 15.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 432,554 shares of the semiconductor company’s stock worth $45,098,000 after purchasing an additional 59,398 shares in the last quarter. Kempner Capital Management Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth about $1,768,000. Vienna Asset Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $1,225,000. Finally, TownSquare Capital LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 10.2% in the 1st quarter. TownSquare Capital LLC now owns 25,769 shares of the semiconductor company’s stock worth $2,687,000 after buying an additional 2,378 shares during the period. 16.86% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $80.24 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $73.74 and a one year high of $145.00. The company’s 50-day moving average is $84.61 and its 200 day moving average is $92.59. The company has a market capitalization of $416.15 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 0.53 and a beta of 0.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.00 and a current ratio of 2.25.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last posted its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.05. The business had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.68 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.53% and a return on equity of 33.56%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.3 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Friday, December 16th will be paid a dividend of $0.458 per share. This represents a $1.83 annualized dividend and a yield of 2.28%. The ex-dividend date is Thursday, December 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 28.19%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Loop Capital assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They issued a “buy” rating on the stock. Susquehanna Bancshares reduced their target price on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Cowen set a $100.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 19th. Finally, Susquehanna reduced their target price on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $120.14.

Taiwan Semiconductor Manufacturing Company Profile

(Get Rating)

Taiwan Semiconductor Manufacturing Company Limited 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.

Featured Stories

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

Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.