Cerity Partners LLC Sells 27,778 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Cerity Partners LLC trimmed its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 540,932 shares of the semiconductor company’s stock after selling 27,778 shares during the period. Cerity Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $122,518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Daner Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $250,000. Federated Hermes Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 3.3% in the 2nd quarter. Federated Hermes Inc. now owns 620,522 shares of the semiconductor company’s stock worth $140,542,000 after purchasing an additional 19,696 shares during the period. Gabelli Funds LLC grew its holdings in Taiwan Semiconductor Manufacturing by 6.0% during the 2nd quarter. Gabelli Funds LLC now owns 18,630 shares of the semiconductor company’s stock valued at $4,220,000 after buying an additional 1,060 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Taiwan Semiconductor Manufacturing by 33.3% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 2,000 shares of the semiconductor company’s stock valued at $453,000 after buying an additional 500 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $701,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $294.64 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $311.37. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.69. The stock has a market cap of $1.53 trillion, a P/E ratio of 30.22, a price-to-earnings-growth ratio of 1.01 and a beta of 1.31. The firm’s fifty day moving average price is $291.84 and its 200-day moving average price is $252.96.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 16th. The semiconductor company reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.The business had revenue of $32.36 billion for the quarter, compared to analysts’ expectations of $951.89 billion. During the same quarter in the prior year, the firm earned $1.94 earnings per share. The firm’s revenue was up 40.1% on a year-over-year basis. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 17th will be given a $0.9678 dividend. This represents a $3.87 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, March 17th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 26.67%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TSM. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Needham & Company LLC restated a “buy” rating and set a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 27th. Itau BBA Securities began coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They issued an “outperform” rating on the stock. Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, December 1st. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $371.67.

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.