OLD National Bancorp IN Sells 1,931 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

OLD National Bancorp IN lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,837 shares of the semiconductor company’s stock after selling 1,931 shares during the quarter. OLD National Bancorp IN’s holdings in Taiwan Semiconductor Manufacturing were worth $19,249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSM. Seed Wealth Management Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.3% during the second quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock worth $792,000 after acquiring an additional 57 shares during the last quarter. Keudell Morrison Wealth Management lifted its stake in Taiwan Semiconductor Manufacturing by 1.5% in the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 59 shares in the last quarter. Heron Bay Capital Management boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.0% during the 2nd quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock valued at $992,000 after purchasing an additional 59 shares during the last quarter. Azzad Asset Management Inc. ADV grew its position in shares of Taiwan Semiconductor Manufacturing by 0.4% during the third quarter. Azzad Asset Management Inc. ADV now owns 14,166 shares of the semiconductor company’s stock valued at $2,460,000 after purchasing an additional 63 shares in the last quarter. Finally, Foster Group Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1.5% in the third quarter. Foster Group Inc. now owns 4,382 shares of the semiconductor company’s stock worth $761,000 after purchasing an additional 65 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 2.5 %

Shares of TSM stock opened at $200.78 on Friday. The company has a market cap of $1.04 trillion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 1.13 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.95 and a 1 year high of $212.60. The stock’s 50 day simple moving average is $175.31 and its two-hundred day simple moving average is $164.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. The company had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 EPS. Research 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 company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a dividend yield of 0.97%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 36.95%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TSM. Needham & Company LLC restated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. Finally, TD Cowen boosted 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 report on Thursday, July 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $200.00.

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.