Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.6% in the fourth quarter, HoldingsChannel reports. The fund owned 9,674,965 shares of the semiconductor company’s stock after selling 63,216 shares during the period. Taiwan Semiconductor Manufacturing makes up about 4.6% of WCM Investment Management LLC’s portfolio, making the stock its 3rd largest holding. WCM Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,938,766,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 25.8% in the fourth quarter. Empowered Funds LLC now owns 25,253 shares of the semiconductor company’s stock valued at $4,987,000 after buying an additional 5,180 shares during the period. Pacific Wealth Strategies Group Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $1,002,000. Farmers & Merchants Investments Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 3.7% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 86,962 shares of the semiconductor company’s stock worth $17,174,000 after purchasing an additional 3,078 shares during the period. D Orazio & Associates Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 18.9% during the fourth quarter. D Orazio & Associates Inc. now owns 2,251 shares of the semiconductor company’s stock worth $445,000 after purchasing an additional 358 shares during the period. Finally, Kingsview Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 6.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 17,965 shares of the semiconductor company’s stock worth $3,548,000 after purchasing an additional 1,030 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $206.25 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $122.91 and a fifty-two week high of $226.40. The stock’s 50-day moving average is $204.71 and its two-hundred day moving average is $187.47. The firm has a market cap of $1.07 trillion, a P/E ratio of 29.30, a PEG ratio of 0.70 and a beta of 1.06.

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, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

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.