Empowered Funds LLC Sells 361,998 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Empowered Funds LLC decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 66.0% in the 1st quarter, Holdings Channel reports. The fund owned 186,414 shares of the semiconductor company’s stock after selling 361,998 shares during the period. Taiwan Semiconductor Manufacturing accounts for 0.4% of Empowered Funds LLC’s investment portfolio, making the stock its 27th largest holding. Empowered Funds LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $62,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TSM. Evelyn Partners Asset Management Ltd lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 27.7% in the first quarter. Evelyn Partners Asset Management Ltd now owns 23,550 shares of the semiconductor company’s stock worth $7,959,000 after acquiring an additional 5,111 shares during the last quarter. KCM Investment Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.4% during the 1st quarter. KCM Investment Advisors LLC now owns 11,049 shares of the semiconductor company’s stock valued at $3,734,000 after purchasing an additional 263 shares during the last quarter. Glen Eagle Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.9% during the 1st quarter. Glen Eagle Advisors LLC now owns 3,229 shares of the semiconductor company’s stock valued at $1,091,000 after purchasing an additional 61 shares during the last quarter. Excelsior Advisor Network LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $580,000. Finally, Quantinno Capital Management LP increased its position in Taiwan Semiconductor Manufacturing by 23.0% during the 1st quarter. Quantinno Capital Management LP now owns 277,013 shares of the semiconductor company’s stock worth $93,617,000 after purchasing an additional 51,791 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Insider Transactions at Taiwan Semiconductor Manufacturing

In other Taiwan Semiconductor Manufacturing news, VP Lipen Yuan acquired 1,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of $79.19 per share, with a total value of $79,190.00. Following the completion of the purchase, the vice president directly owned 5,000 shares in the company, valued at $395,950. This trade represents a 25.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Bor-Zen Tien acquired 2,000 shares of Taiwan Semiconductor Manufacturing stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of $69.91 per share, for a total transaction of $139,820.00. Following the purchase, the vice president owned 11,051 shares of the company’s stock, valued at $772,575.41. The trade was a 22.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 6,857 shares of company stock worth $512,334. Company insiders own 1.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, July 6th. Weiss Ratings cut shares of Taiwan Semiconductor Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, July 13th. Bank of America upped their price target on shares of Taiwan Semiconductor Manufacturing from $490.00 to $590.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. DA Davidson increased their price target on Taiwan Semiconductor Manufacturing from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Buy” and an average price target of $496.25.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $399.94 on Tuesday. The business has a 50 day moving average of $427.75 and a 200-day moving average of $382.65. The company has a market capitalization of $2.07 trillion, a P/E ratio of 28.86, a P/E/G ratio of 0.93 and a beta of 1.36. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $223.70 and a 1 year high of $479.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.49 and a quick ratio of 2.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Tuesday, June 30th. The semiconductor company reported $4.28 EPS for the quarter. Taiwan Semiconductor Manufacturing had a net margin of 50.31% and a return on equity of 40.88%. The business had revenue of $39.89 billion for the quarter. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 16.34 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $1.1136 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.95. This represents a $4.45 annualized dividend and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing’s payout ratio is 21.43%.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.