Douglass Winthrop Advisors LLC Has $13.76 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Douglass Winthrop Advisors LLC lessened its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,246 shares of the semiconductor company’s stock after selling 9,613 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $13,763,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Fisher Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% during the third quarter. Fisher Asset Management LLC now owns 28,767,106 shares of the semiconductor company’s stock valued at $4,995,984,000 after acquiring an additional 359,854 shares during the period. Daiwa Securities Group Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 7.4% in the third quarter. Daiwa Securities Group Inc. now owns 23,148 shares of the semiconductor company’s stock valued at $4,021,000 after purchasing an additional 1,600 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 51.9% in the third quarter. Summit Trail Advisors LLC now owns 3,839 shares of the semiconductor company’s stock valued at $669,000 after purchasing an additional 1,311 shares during the last quarter. SevenBridge Financial Group LLC increased its holdings in Taiwan Semiconductor Manufacturing by 2.1% in the third quarter. SevenBridge Financial Group LLC now owns 23,917 shares of the semiconductor company’s stock valued at $4,154,000 after purchasing an additional 491 shares during the last quarter. Finally, Centaurus Financial Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 20.1% in the third quarter. Centaurus Financial Inc. now owns 15,449 shares of the semiconductor company’s stock valued at $2,683,000 after purchasing an additional 2,590 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TSM shares. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $190.08 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $95.25 and a 12-month high of $212.60. The stock has a market cap of $985.83 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 0.88 and a beta of 1.12. The business has a 50 day moving average of $187.92 and a 200-day moving average of $174.12. 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 data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.15%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

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.