Ninety One North America Inc. Cuts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ninety One North America Inc. decreased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 170,290 shares of the semiconductor company’s stock after selling 11,117 shares during the period. Taiwan Semiconductor Manufacturing makes up about 0.9% of Ninety One North America Inc.’s holdings, making the stock its 28th biggest holding. Ninety One North America Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $17,710,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TSM. Morgan Stanley boosted its stake in shares of Taiwan Semiconductor Manufacturing by 27.7% in the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock valued at $2,421,936,000 after purchasing an additional 7,045,899 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 108,945.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,471,916 shares of the semiconductor company’s stock valued at $407,603,000 after buying an additional 5,466,898 shares during the period. PineStone Asset Management Inc. boosted its position in Taiwan Semiconductor Manufacturing by 330.5% during the 3rd quarter. PineStone Asset Management Inc. now owns 4,802,924 shares of the semiconductor company’s stock valued at $417,374,000 after buying an additional 3,687,249 shares during the period. Van ECK Associates Corp boosted its position in Taiwan Semiconductor Manufacturing by 29.6% during the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock valued at $1,285,736,000 after buying an additional 3,381,514 shares during the period. Finally, BlackRock Inc. boosted its position in Taiwan Semiconductor Manufacturing by 24.5% during the 1st quarter. BlackRock Inc. now owns 12,047,759 shares of the semiconductor company’s stock valued at $1,120,683,000 after buying an additional 2,373,242 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 5.3 %

Shares of NYSE:TSM traded down $7.33 on Thursday, hitting $131.70. The company had a trading volume of 29,280,948 shares, compared to its average volume of 15,565,088. The firm’s 50-day simple moving average is $136.64 and its two-hundred day simple moving average is $112.61. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $81.21 and a 1 year high of $158.40. 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 market capitalization of $683.05 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 1.07 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The company had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current fiscal 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 1.34%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 33.20%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TSM. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. Finally, TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $155.75.

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