AMS Capital Ltda Sells 22,554 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

AMS Capital Ltda lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 56.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,312 shares of the semiconductor company’s stock after selling 22,554 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 1.5% of AMS Capital Ltda’s portfolio, making the stock its 16th largest holding. AMS Capital Ltda’s holdings in Taiwan Semiconductor Manufacturing were worth $3,921,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nikko Asset Management Americas Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 120.0% in the second quarter. Nikko Asset Management Americas Inc. now owns 438,831 shares of the semiconductor company’s stock valued at $99,356,000 after acquiring an additional 239,331 shares during the period. FORA Capital LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $764,000. 44 Wealth Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 26.2% in the 2nd quarter. 44 Wealth Management LLC now owns 7,796 shares of the semiconductor company’s stock worth $1,766,000 after purchasing an additional 1,618 shares in the last quarter. Duquesne Family Office LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 27.8% in the 2nd quarter. Duquesne Family Office LLC now owns 765,085 shares of the semiconductor company’s stock valued at $173,284,000 after purchasing an additional 166,305 shares during the period. Finally, Howland Capital Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $250,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TSM shares. Sanford C. Bernstein increased their price objective on Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the stock an “outperform” rating in a research report on Sunday, December 7th. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Itau BBA Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They issued an “outperform” rating on the stock. Finally, Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $355.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $291.87 on Friday. The stock has a market capitalization of $1.51 trillion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.00 and a beta of 1.31. The firm’s 50-day moving average price is $293.64 and its two-hundred day moving average price is $256.75. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $313.98.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.9678 per share. This represents a $3.87 annualized dividend and a dividend yield of 1.3%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 25.85%.

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.