Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 94.4% in the second quarter, Holdings Channel.com reports. The fund owned 28,527 shares of the semiconductor company’s stock after selling 480,091 shares during the period. Coronation Fund Managers Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $4,958,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $136,000. Heritage Oak Wealth Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at about $349,000. Clearbridge Investments LLC lifted its stake in Taiwan Semiconductor Manufacturing by 669.7% during the second quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company’s stock valued at $646,832,000 after buying an additional 3,237,998 shares in the last quarter. KPP Advisory Services LLC lifted its stake in Taiwan Semiconductor Manufacturing by 16.3% during the second quarter. KPP Advisory Services LLC now owns 4,005 shares of the semiconductor company’s stock valued at $696,000 after buying an additional 560 shares in the last quarter. Finally, New Century Financial Group LLC lifted its stake in Taiwan Semiconductor Manufacturing by 175.3% during the second quarter. New Century Financial Group LLC now owns 10,356 shares of the semiconductor company’s stock valued at $1,800,000 after buying an additional 6,594 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $172.07 on Wednesday. The business’s 50-day moving average is $167.63 and its 200-day moving average is $159.89. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $193.47. The company has a market capitalization of $892.43 billion, a price-to-earnings ratio of 32.78, a P/E/G ratio of 1.04 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The firm’s revenue was up 34.6% on a year-over-year basis. Equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.13%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 36.95%.

Analysts Set New Price Targets

A number of analysts have commented on TSM shares. Susquehanna reaffirmed a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Needham & Company LLC upped their price objective 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. 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 research note on Thursday, July 18th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Finally, Sanford C. Bernstein upped their target price 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 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.