Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Holdings Reduced by Avala Global LP

Avala Global LP reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 15.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 391,184 shares of the semiconductor company’s stock after selling 72,516 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 4.5% of Avala Global LP’s portfolio, making the stock its 6th biggest holding. Avala Global LP’s holdings in Taiwan Semiconductor Manufacturing were worth $67,937,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Burney Co. acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter valued at $228,000. Park Place Capital Corp grew its position in shares of Taiwan Semiconductor Manufacturing by 257.6% during the 2nd quarter. Park Place Capital Corp now owns 565 shares of the semiconductor company’s stock valued at $98,000 after acquiring an additional 407 shares during the period. Mather Group LLC. increased its stake in shares of Taiwan Semiconductor Manufacturing by 10.4% in the 2nd quarter. Mather Group LLC. now owns 5,466 shares of the semiconductor company’s stock valued at $950,000 after purchasing an additional 514 shares in the last quarter. Fragasso Financial Advisors Inc raised its holdings in Taiwan Semiconductor Manufacturing by 12.8% in the 2nd quarter. Fragasso Financial Advisors Inc now owns 2,758 shares of the semiconductor company’s stock worth $479,000 after purchasing an additional 312 shares during the period. Finally, Lynx Investment Advisory purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $144,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 1.9 %

Shares of TSM stock opened at $184.66 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $95.25 and a fifty-two week high of $212.60. The firm has a market capitalization of $957.72 billion, a P/E ratio of 29.59, a PEG ratio of 0.85 and a beta of 1.12. The stock’s fifty day moving average is $189.16 and its two-hundred day moving average is $175.32. 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 results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 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, April 10th. Investors of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Two 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $214.00.

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.