Wafra Inc. Decreases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Wafra Inc. decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 27.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,802 shares of the semiconductor company’s stock after selling 10,547 shares during the quarter. Wafra Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. CapWealth Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 21.1% during the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after acquiring an additional 21,329 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after acquiring an additional 442,289 shares during the last quarter. Verus Capital Partners LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 53.6% during the 3rd quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock valued at $279,000 after acquiring an additional 1,119 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Taiwan Semiconductor Manufacturing by 99.3% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company’s stock valued at $442,000 after acquiring an additional 2,534 shares during the last quarter. Finally, Investment House LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 117.5% during the 4th quarter. Investment House LLC now owns 45,840 shares of the semiconductor company’s stock valued at $4,767,000 after acquiring an additional 24,762 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded down $0.55 during trading hours on Friday, hitting $151.68. 7,711,247 shares of the stock were exchanged, compared to its average volume of 13,287,695. The stock has a 50-day simple moving average of $140.47 and a 200-day simple moving average of $120.30. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $158.40. The stock has a market cap of $786.67 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 1.09 and a beta of 1.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.

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.