Cambiar Investors LLC Has $14.17 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cambiar Investors LLC decreased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,752 shares of the semiconductor company’s stock after selling 6,918 shares during the period. Cambiar Investors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $14,170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TSM. AMF Tjanstepension AB lifted its position in Taiwan Semiconductor Manufacturing by 4.8% during the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after buying an additional 70,057 shares in the last quarter. Carnegie Investment Counsel raised its holdings in Taiwan Semiconductor Manufacturing by 119.6% during the 3rd quarter. Carnegie Investment Counsel now owns 14,406 shares of the semiconductor company’s stock worth $2,502,000 after purchasing an additional 7,846 shares during the last quarter. Armstrong Advisory Group Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 16.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,562 shares of the semiconductor company’s stock worth $271,000 after purchasing an additional 216 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in Taiwan Semiconductor Manufacturing by 8.0% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 35,948 shares of the semiconductor company’s stock worth $6,243,000 after purchasing an additional 2,661 shares during the last quarter. Finally, Thomasville National Bank raised its holdings in Taiwan Semiconductor Manufacturing by 0.3% during the 3rd quarter. Thomasville National Bank now owns 189,865 shares of the semiconductor company’s stock worth $32,974,000 after purchasing an additional 634 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $207.85 on Tuesday. 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 stock has a market cap of $1.08 trillion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The stock has a 50-day moving average of $204.71 and a 200-day moving average of $187.79. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $122.91 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.06%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TSM. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.00.

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.