Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.3% in the second quarter, Holdings Channel reports. The firm owned 439,899 shares of the semiconductor company’s stock after selling 10,229 shares during the period. Brandes Investment Partners LP’s holdings in Taiwan Semiconductor Manufacturing were worth $76,055,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $25,000. LifeSteps Financial Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter worth about $27,000. Olistico Wealth LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $27,000. Valley Wealth Managers Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $27,000. Finally, North Star Investment Management Corp. lifted its stake in Taiwan Semiconductor Manufacturing by 670.4% in the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 181 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 4.7 %

NYSE TSM opened at $177.97 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.95 and a one year high of $193.47. The firm has a 50 day simple moving average of $167.50 and a 200-day simple moving average of $159.40. The firm has a market cap of $923.03 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 1.07 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The business had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same period last year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.09%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 37.71%.

Wall Street Analysts Forecast Growth

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

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.