Banque Cantonale Vaudoise Sells 6,862 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Banque Cantonale Vaudoise reduced its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 12.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,389 shares of the semiconductor company’s stock after selling 6,862 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Taiwan Semiconductor Manufacturing were worth $4,941,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Regal Investment Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 3.9% during the fourth quarter. Regal Investment Advisors LLC now owns 2,389 shares of the semiconductor company’s stock valued at $287,000 after buying an additional 89 shares during the last quarter. Girard Partners LTD. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% in the fourth quarter. Girard Partners LTD. now owns 2,790 shares of the semiconductor company’s stock valued at $335,000 after purchasing an additional 90 shares in the last quarter. WP Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.7% during the 4th quarter. WP Advisors LLC now owns 6,019 shares of the semiconductor company’s stock worth $724,000 after purchasing an additional 100 shares during the period. Fiduciary Trust Co. raised its position in Taiwan Semiconductor Manufacturing by 5.1% in the 4th quarter. Fiduciary Trust Co. now owns 2,070 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 100 shares during the period. Finally, Clarus Group Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 3.2% in the fourth quarter. Clarus Group Inc. now owns 3,289 shares of the semiconductor company’s stock worth $385,000 after purchasing an additional 101 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Loop Capital began coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 21st. They set a “buy” rating on the stock. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 14th. Susquehanna Bancshares dropped their price objective on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, July 14th. Cowen set a $100.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 19th. Finally, Susquehanna reduced their target price on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, July 14th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $120.14.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock traded up $1.62 during trading on Thursday, reaching $88.13. 361,448 shares of the stock were exchanged, compared to its average volume of 11,893,634. The business has a 50 day moving average price of $86.28 and a 200-day moving average price of $99.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.09 and a quick ratio of 1.85. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $73.74 and a 1 year high of $145.00.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last announced its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. Taiwan Semiconductor Manufacturing had a return on equity of 34.31% and a net margin of 40.53%. The company had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.68 billion. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.3 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 16th will be paid a $0.4625 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.85 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Thursday, September 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 28.19%.

Taiwan Semiconductor Manufacturing Company Profile

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Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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