Liontrust Investment Partners LLP Trims Stock Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Liontrust Investment Partners LLP reduced its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 33.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,251 shares of the semiconductor company’s stock after selling 67,230 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Taiwan Semiconductor Manufacturing were worth $30,633,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Brighton Jones LLC grew its position in Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock worth $2,159,000 after purchasing an additional 1,892 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $908,000. Sit Investment Associates Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.9% during the first quarter. Sit Investment Associates Inc. now owns 20,807 shares of the semiconductor company’s stock worth $3,454,000 after buying an additional 593 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of Taiwan Semiconductor Manufacturing by 8.1% during the first quarter. Aberdeen Group plc now owns 382,478 shares of the semiconductor company’s stock worth $63,491,000 after buying an additional 28,668 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in Taiwan Semiconductor Manufacturing by 3.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 9,303 shares of the semiconductor company’s stock valued at $1,544,000 after acquiring an additional 299 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $291.87 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $134.25 and a 1-year high of $313.98. The stock has a market cap of $1.51 trillion, a P/E ratio of 29.94, a P/E/G ratio of 1.00 and a beta of 1.31. The stock’s 50 day simple moving average is $293.64 and its 200 day simple moving average is $256.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.69 and a quick ratio of 2.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.59 by $0.33. The business had revenue of $32.36 billion for the quarter, compared to analyst estimates of $951.89 billion. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. The business’s revenue for the quarter was up 40.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.94 EPS. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS 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 9th. Stockholders of record on Tuesday, March 17th will be issued a $0.9678 dividend. This represents a $3.87 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 25.85%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Monday, October 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, December 8th. Susquehanna boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Finally, Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $355.00.

Taiwan Semiconductor Manufacturing 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.