Flossbach Von Storch AG Has $28.33 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Flossbach Von Storch AG trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,425 shares of the semiconductor company’s stock after selling 27,880 shares during the quarter. Flossbach Von Storch AG’s holdings in Taiwan Semiconductor Manufacturing were worth $28,332,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlas Private Wealth Advisors grew its holdings in 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 valued at $342,000 after buying an additional 104 shares in the last quarter. Advisory Resource Group grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% during the 4th quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock worth $886,000 after purchasing an additional 108 shares in the last quarter. Baystate Wealth Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 28.8% during the 4th quarter. Baystate Wealth Management LLC now owns 510 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 114 shares in the last quarter. Waverly Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.8% during the 3rd quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock worth $273,000 after purchasing an additional 116 shares in the last quarter. Finally, Cresset Asset Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 0.7% during the 1st quarter. Cresset Asset Management LLC now owns 18,334 shares of the semiconductor company’s stock worth $1,712,000 after purchasing an additional 124 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TSM. TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research report on Friday, January 12th. Susquehanna upped their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. Needham & Company LLC lifted their price target on Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Barclays lifted their price target 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. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Taiwan Semiconductor Manufacturing Trading Down 0.5 %

Shares of TSM traded down $0.72 during mid-day trading on Wednesday, reaching $139.08. 18,748,080 shares of the company were exchanged, compared to its average volume of 15,390,534. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $81.21 and a 52 week high of $158.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40. The stock has a market capitalization of $721.33 billion, a PE ratio of 26.85, a PEG ratio of 1.07 and a beta of 1.15. The business has a 50 day simple moving average of $136.64 and a two-hundred day simple moving average of $112.61.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The business had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.27%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 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.