Jacobi Capital Management LLC Cuts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Jacobi Capital Management LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,261 shares of the semiconductor company’s stock after selling 788 shares during the quarter. Jacobi Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $852,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TSM. Sanders Capital LLC grew its holdings in Taiwan Semiconductor Manufacturing by 3.5% during the 4th quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock valued at $4,630,842,000 after buying an additional 1,501,548 shares in the last quarter. Capital World Investors increased its position in Taiwan Semiconductor Manufacturing by 11.4% in the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock worth $4,301,178,000 after purchasing an additional 4,240,928 shares during the last quarter. Fisher Asset Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after purchasing an additional 442,289 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Taiwan Semiconductor Manufacturing by 6.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock worth $2,958,134,000 after buying an additional 1,649,279 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Taiwan Semiconductor Manufacturing by 53.4% in the 1st quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company’s stock worth $2,369,473,000 after buying an additional 6,060,511 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 2.2 %

Shares of NYSE:TSM traded up $3.59 during trading hours on Monday, hitting $169.37. 21,011,800 shares of the company’s stock traded hands, compared to its average volume of 15,779,038. The firm has a market capitalization of $878.40 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 1.06 and a beta of 1.14. The business has a fifty day moving average price of $168.40 and a 200-day moving average price of $143.28. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. During the same quarter in the previous year, the business earned $1.14 EPS. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% compared to the same quarter last year. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.27 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $0.4865 dividend. This represents a $1.95 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, September 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.57%.

Analyst Ratings Changes

TSM has been the subject of a number of analyst reports. Sanford C. Bernstein increased their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Susquehanna raised their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Needham & Company LLC boosted their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.