Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,532 shares of the semiconductor company’s stock after selling 1,412 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,303,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Natixis Investment Managers International lifted its holdings in Taiwan Semiconductor Manufacturing by 3.3% in the second quarter. Natixis Investment Managers International now owns 56,651 shares of the semiconductor company’s stock valued at $5,717,000 after acquiring an additional 1,822 shares during the period. Congress Wealth Management LLC DE grew its position in Taiwan Semiconductor Manufacturing by 2.2% during the third quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock worth $2,686,000 after buying an additional 671 shares during the period. UniSuper Management Pty Ltd purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at about $39,611,000. Metropolis Capital Ltd lifted its position in shares of Taiwan Semiconductor Manufacturing by 21.0% during the 3rd quarter. Metropolis Capital Ltd now owns 1,136,061 shares of the semiconductor company’s stock valued at $98,724,000 after acquiring an additional 196,867 shares during the period. Finally, LGT Capital Partners LTD. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.4% during the 3rd quarter. LGT Capital Partners LTD. now owns 1,554,790 shares of the semiconductor company’s stock worth $135,111,000 after acquiring an additional 65,220 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 1.9 %

Shares of NYSE TSM opened at $136.98 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $81.21 and a 52-week high of $158.40. The stock has a market capitalization of $710.43 billion, a PE ratio of 26.44, a P/E/G ratio of 3.21 and a beta of 1.15. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $123.28 and a 200-day moving average of $104.45.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The firm had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.17 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.29%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 33.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TSM. Needham & Company LLC raised their price target on Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a research report on Friday, January 19th. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research report on Friday, January 12th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, December 8th. Finally, Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $128.25.

Read Our Latest Stock Report on TSM

Taiwan Semiconductor Manufacturing Profile

(Free Report)

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

See Also

Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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