Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Position Lessened by Raub Brock Capital Management LP

Raub Brock Capital Management LP trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.7% in the second quarter, HoldingsChannel reports. The firm owned 131,326 shares of the semiconductor company’s stock after selling 5,110 shares during the period. Taiwan Semiconductor Manufacturing makes up about 5.0% of Raub Brock Capital Management LP’s portfolio, making the stock its 3rd biggest holding. Raub Brock Capital Management LP’s holdings in Taiwan Semiconductor Manufacturing were worth $22,826,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BOKF NA grew its holdings in shares of Taiwan Semiconductor Manufacturing by 4.8% during the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after buying an additional 81 shares in the last quarter. Dodge & Cox purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $6,396,000. Aigen Investment Management LP acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $553,000. Credit Capital Investments LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 9.4% during the 4th quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock worth $6,032,000 after purchasing an additional 5,000 shares during the period. Finally, Cetera Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 80.7% during the first quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock worth $10,787,000 after purchasing an additional 35,404 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Down 4.2 %

TSM traded down $6.88 on Friday, reaching $156.82. 14,964,411 shares of the company’s stock were exchanged, compared to its average volume of 12,454,126. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.01 and a twelve month high of $193.47. The company’s 50 day moving average is $169.79 and its 200-day moving average is $155.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The company has a market cap of $813.33 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 0.94 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The business’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 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, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 37.52%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Needham & Company LLC increased their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Susquehanna restated a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Sanford C. Bernstein boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $200.00.

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 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.