Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 61.4% in the second quarter, Holdings Channel reports. The firm owned 1,657 shares of the semiconductor company’s stock after selling 2,637 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 9.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,848 shares of the semiconductor company’s stock worth $920,000 after acquiring an additional 743 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Taiwan Semiconductor Manufacturing by 45.2% in the 4th quarter. Jones Financial Companies Lllp now owns 736 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 229 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Taiwan Semiconductor Manufacturing by 9.5% in the 4th quarter. CIBC Asset Management Inc now owns 60,734 shares of the semiconductor company’s stock worth $6,316,000 after acquiring an additional 5,293 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 398,900 shares of the semiconductor company’s stock worth $41,486,000 after acquiring an additional 11,199 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1,169.9% in the 4th quarter. Capital Research Global Investors now owns 1,505,740 shares of the semiconductor company’s stock worth $156,629,000 after acquiring an additional 1,387,168 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $172.07 on Wednesday. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $167.63 and a two-hundred day moving average price of $159.89. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.95 and a twelve month high of $193.47. The company has a market capitalization of $892.43 billion, a P/E ratio of 32.78, a price-to-earnings-growth ratio of 1.04 and a beta of 1.14.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 36.95%.

Analysts Set New Price Targets

Several analysts have recently commented on TSM shares. TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Sanford C. Bernstein increased their price target 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. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. 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 report on Monday, July 15th. Finally, Susquehanna reiterated a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $200.00.

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.