Financial Counselors Inc. Trims Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Financial Counselors Inc. lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,533 shares of the semiconductor company’s stock after selling 2,933 shares during the quarter. Financial Counselors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,475,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TSM. D.A. Davidson & CO. raised its position in shares of Taiwan Semiconductor Manufacturing by 4.6% during the third quarter. D.A. Davidson & CO. now owns 42,971 shares of the semiconductor company’s stock valued at $7,463,000 after buying an additional 1,900 shares during the last quarter. Brooklyn Investment Group bought a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $73,000. Cynosure Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter worth $241,000. Blueshift Asset Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $206,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at about $35,142,000. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $168.68 on Friday. The business’s 50 day moving average price is $193.26 and its 200-day moving average price is $192.32. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The company has a market cap of $874.82 billion, a P/E ratio of 23.96, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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%. Sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. This represents a $2.74 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TSM. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. 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. Finally, Barclays boosted their price target 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

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.