Kanawha Capital Management LLC Reduces Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Kanawha Capital Management LLC decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,252 shares of the semiconductor company’s stock after selling 159 shares during the period. Kanawha Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $247,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Reston Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at approximately $25,000. Stonebridge Financial Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $25,000. Archer Investment Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 62 shares during the period. American Capital Advisory LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $38,000. Finally, OLD Second National Bank of Aurora boosted its position in shares of Taiwan Semiconductor Manufacturing by 169.8% during the 3rd quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 146 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $203.77 on Friday. The firm has a market cap of $1.06 trillion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $122.91 and a 52-week high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $205.24 and its two-hundred day moving average is $188.67.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.35%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.27%.

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.