Bank of New York Mellon Corp Sells 3,214,157 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bank of New York Mellon Corp decreased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,381,930 shares of the semiconductor company’s stock after selling 3,214,157 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 0.7% of Bank of New York Mellon Corp’s holdings, making the stock its 19th largest position. Bank of New York Mellon Corp owned approximately 0.37% of Taiwan Semiconductor Manufacturing worth $3,827,737,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AMF Tjanstepension AB raised its position in Taiwan Semiconductor Manufacturing by 4.8% during the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after acquiring an additional 70,057 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 14.1% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 7,858 shares of the semiconductor company’s stock valued at $1,365,000 after purchasing an additional 969 shares during the period. KP Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 25.0% in the 3rd quarter. KP Management LLC now owns 37,500 shares of the semiconductor company’s stock valued at $6,513,000 after purchasing an additional 7,500 shares during the period. Inscription Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $351,000. Finally, Concord Wealth Partners grew its holdings in Taiwan Semiconductor Manufacturing by 103.7% during the third quarter. Concord Wealth Partners now owns 717 shares of the semiconductor company’s stock worth $125,000 after purchasing an additional 365 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays lifted 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $191.54 on Tuesday. The business’s 50 day moving average is $205.59 and its 200-day moving average is $191.26. The firm has a market cap of $993.38 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.11%.

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.