Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Axa S.A.

Axa S.A. reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,137,519 shares of the semiconductor company’s stock after selling 14,216 shares during the quarter. Axa S.A.’s holdings in Taiwan Semiconductor Manufacturing were worth $197,712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in TSM. BOKF NA lifted its position in Taiwan Semiconductor Manufacturing by 4.8% during the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after acquiring an additional 81 shares during the period. Dodge & Cox purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $6,396,000. Credit Capital Investments LLC boosted its position in Taiwan Semiconductor Manufacturing by 9.4% in the fourth quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock valued at $6,032,000 after buying an additional 5,000 shares during the last quarter. Cetera Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 80.7% in the 1st quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock worth $10,787,000 after buying an additional 35,404 shares during the period. Finally, Prudential PLC raised its position in Taiwan Semiconductor Manufacturing by 21.2% during the 4th quarter. Prudential PLC now owns 3,544 shares of the semiconductor company’s stock worth $369,000 after buying an additional 619 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Sanford C. Bernstein upped their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Susquehanna restated a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Finally, Needham & Company LLC lifted their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 4.1 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $181.96 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $193.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The company has a market cap of $943.72 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14. The firm has a 50-day simple moving average of $166.74 and a two-hundred day simple moving average of $158.55.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 earnings per share. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 1.07%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 37.71%.

About Taiwan Semiconductor Manufacturing

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.