American Trust Sells 4,140 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

American Trust lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 12.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,404 shares of the semiconductor company’s stock after selling 4,140 shares during the period. Taiwan Semiconductor Manufacturing comprises 0.6% of American Trust’s portfolio, making the stock its 24th largest holding. American Trust’s holdings in Taiwan Semiconductor Manufacturing were worth $6,433,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Total Investment Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at about $78,000. Centaurus Financial Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 14.2% during the second quarter. Centaurus Financial Inc. now owns 22,726 shares of the semiconductor company’s stock valued at $5,147,000 after purchasing an additional 2,819 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 6.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 141,110 shares of the semiconductor company’s stock worth $31,960,000 after buying an additional 8,066 shares during the period. BLVD Private Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $291,000. Finally, Thompson Davis & CO. Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at $250,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $291.87 on Monday. The company has a 50 day moving average price of $293.64 and a 200 day moving average price of $257.18. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $134.25 and a fifty-two week high of $313.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.69 and a quick ratio of 2.47. The stock has a market capitalization of $1.51 trillion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released 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 return on equity of 34.34% and a net margin of 43.72%.The company had revenue of $32.36 billion during the quarter, compared to the consensus estimate of $951.89 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. The firm’s quarterly revenue was up 40.1% on a year-over-year basis. Analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS 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 $0.9678 dividend. 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. This represents a $3.87 annualized dividend and a dividend yield of 1.3%. Taiwan Semiconductor Manufacturing’s payout ratio is 25.85%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, December 8th. Barclays boosted their price target 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. UBS Group set a $330.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Sunday, December 7th. Needham & Company LLC reiterated a “buy” rating and issued a $360.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Finally, Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $355.00.

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.