United Community Bank Lowers Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

United Community Bank cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,256 shares of the semiconductor company’s stock after selling 1,065 shares during the quarter. United Community Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $841,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TSM. Summit Global Investments boosted its stake in shares of Taiwan Semiconductor Manufacturing by 186.8% in the third quarter. Summit Global Investments now owns 12,766 shares of the semiconductor company’s stock valued at $2,217,000 after buying an additional 8,315 shares in the last quarter. Hollencrest Capital Management boosted its stake in shares of Taiwan Semiconductor Manufacturing by 71.5% in the third quarter. Hollencrest Capital Management now owns 3,425 shares of the semiconductor company’s stock valued at $595,000 after buying an additional 1,428 shares in the last quarter. Equitable Trust Co. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 9.8% in the third quarter. Equitable Trust Co. now owns 35,590 shares of the semiconductor company’s stock valued at $6,181,000 after buying an additional 3,178 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $425,000. Finally, Galvin Gaustad & Stein LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 5.9% in the third quarter. Galvin Gaustad & Stein LLC now owns 103,491 shares of the semiconductor company’s stock valued at $17,973,000 after buying an additional 5,779 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $225.00 target price 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 research report on Tuesday, January 28th. Finally, Barclays boosted their target price on 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $176.58 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The stock has a market cap of $915.80 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The business has a fifty day moving average of $202.05 and a 200-day moving average of $191.76. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly 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%. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared 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 1.55%. This is a boost 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 payout ratio is 30.68%.

About Taiwan Semiconductor Manufacturing

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.