Commerce Bank Sells 252 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Commerce Bank trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.5% in the third quarter, Holdings Channel.com reports. The fund owned 52,571 shares of the semiconductor company’s stock after selling 252 shares during the quarter. Commerce Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $9,130,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. BOKF NA lifted its position in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after buying an additional 81 shares during the period. HF Advisory Group LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 55.5% during the third quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock valued at $2,389,000 after acquiring an additional 4,907 shares during the period. Impax Asset Management Group plc boosted its stake in shares of Taiwan Semiconductor Manufacturing by 33.7% in the 3rd quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock valued at $4,588,000 after purchasing an additional 6,664 shares in the last quarter. Advisor Resource Council bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $613,000. Finally, Callahan Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 67.1% during the third quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company’s stock worth $1,452,000 after buying an additional 3,358 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $190.65 on Friday. The company has a fifty day moving average price of $187.57 and a two-hundred day moving average price of $173.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market capitalization of $988.79 billion, a PE ratio of 30.55, a P/E/G ratio of 0.87 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $95.25 and a 52 week high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.15%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

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.