Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 36,267 shares of the semiconductor company’s stock after selling 4,700 shares during the period. Taiwan Semiconductor Manufacturing makes up about 1.4% of Deltec Asset Management LLC’s holdings, making the stock its 19th largest position. Deltec Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $7,162,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. AMF Tjanstepension AB grew its position in shares of Taiwan Semiconductor Manufacturing by 4.8% in the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after buying an additional 70,057 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 16.2% during the third quarter. GAMMA Investing LLC now owns 6,332 shares of the semiconductor company’s stock worth $1,100,000 after purchasing an additional 884 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in shares of Taiwan Semiconductor Manufacturing by 0.4% during the third quarter. Azzad Asset Management Inc. ADV now owns 14,166 shares of the semiconductor company’s stock worth $2,460,000 after purchasing an additional 63 shares in the last quarter. Fulton Bank N.A. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 14.4% in the 3rd quarter. Fulton Bank N.A. now owns 5,251 shares of the semiconductor company’s stock valued at $912,000 after purchasing an additional 660 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $10,860,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $204.21 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market cap of $1.06 trillion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.06. The firm’s fifty day moving average price is $203.15 and its 200 day moving average price is $186.90. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $116.58 and a 1-year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 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 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analysts Set New Price Targets

TSM has been the topic of several research analyst reports. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

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.