C WorldWide Group Holding A S Trims Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

C WorldWide Group Holding A S decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 740,182 shares of the semiconductor company’s stock after selling 21,481 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 1.0% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 16th biggest position. C WorldWide Group Holding A S’s holdings in Taiwan Semiconductor Manufacturing were worth $76,979,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TSM. Unique Wealth Strategies LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $1,443,000. Bank OZK boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.9% during the fourth quarter. Bank OZK now owns 14,924 shares of the semiconductor company’s stock worth $1,552,000 after acquiring an additional 557 shares during the last quarter. Alliance Wealth Advisors LLC UT purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $204,000. Russell Investments Group Ltd. increased its holdings in Taiwan Semiconductor Manufacturing by 1.7% in the 4th quarter. Russell Investments Group Ltd. now owns 5,892,742 shares of the semiconductor company’s stock valued at $612,988,000 after acquiring an additional 96,661 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.1% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 188,833 shares of the semiconductor company’s stock worth $19,639,000 after purchasing an additional 2,136 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Susquehanna increased their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. TD Cowen raised their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

Shares of NYSE:TSM traded up $1.72 during trading hours on Friday, hitting $138.30. 9,453,393 shares of the company’s stock traded hands, compared to its average volume of 15,706,765. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. The business has a fifty day moving average price of $137.06 and a 200-day moving average price of $114.64. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $82.16 and a 1 year high of $158.40. The firm has a market capitalization of $717.28 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 0.97 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

Taiwan Semiconductor Manufacturing 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 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.