Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Allspring Global Investments Holdings LLC’s 8th Largest Position

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,286,600 shares of the semiconductor company’s stock after selling 16,110 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 0.9% of Allspring Global Investments Holdings LLC’s holdings, making the stock its 8th largest position. Allspring Global Investments Holdings LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $549,806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlas Private Wealth Advisors boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 104 shares in the last quarter. Advisory Resource Group lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% in the 4th quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock valued at $886,000 after acquiring an additional 108 shares during the last quarter. Waverly Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.8% in the 3rd quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock valued at $273,000 after acquiring an additional 116 shares during the last quarter. Cresset Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% in the 1st quarter. Cresset Asset Management LLC now owns 18,334 shares of the semiconductor company’s stock valued at $1,712,000 after acquiring an additional 124 shares during the last quarter. Finally, CVA Family Office LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% in the 4th quarter. CVA Family Office LLC now owns 3,463 shares of the semiconductor company’s stock valued at $360,000 after acquiring an additional 125 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TSM. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Needham & Company LLC upped their price target on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $138.25.

Taiwan Semiconductor Manufacturing Trading Up 1.0 %

TSM traded up $1.43 during midday trading on Monday, reaching $142.79. 16,213,139 shares of the company’s stock traded hands, compared to its average volume of 15,392,675. The firm has a fifty day moving average of $132.54 and a two-hundred day moving average of $109.58. The stock has a market capitalization of $740.57 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 1.08 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $81.21 and a 52 week high of $158.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. The firm had revenue of $19.62 billion during the quarter, compared to analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 33.20%.

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