Crossmark Global Holdings Inc. Sells 81,561 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Crossmark Global Holdings Inc. lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 318,217 shares of the semiconductor company’s stock after selling 81,561 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 1.0% of Crossmark Global Holdings Inc.’s portfolio, making the stock its 11th largest holding. Crossmark Global Holdings Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $55,265,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atlantic Edge Private Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $25,000. Reston Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $27,000. Olistico Wealth LLC bought a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $27,000. Finally, NewSquare Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $29,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 0.0 %

NYSE:TSM traded up $0.01 during trading hours on Friday, hitting $201.20. 13,112,091 shares of the company were exchanged, compared to its average volume of 16,960,480. The stock has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 0.97 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $91.60 and a one year high of $212.60. The company has a fifty day simple moving average of $183.11 and a 200 day simple moving average of $170.07. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

Analyst Upgrades and Downgrades

TSM has been the topic of several research analyst reports. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, TD Cowen boosted their price objective on 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 analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $209.00.

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.