Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG has reduced its stake in Taiwan Semiconductor Manufacturing Company by 9.7%, owning 1,066,255 shares worth approximately $177 million after selling 115,057 shares.
• The company reported a significant quarterly earnings performance, with a net margin of 42.91% and 44.4% year-over-year revenue growth, surpassing analysts' EPS expectations.
• Taiwan Semiconductor will pay a quarterly dividend of $0.6499 per share, representing an annualized rate of $2.60 and a dividend yield of 1.1%, with a payout ratio of 28.16%.

Deutsche Bank AG cut its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,066,255 shares of the semiconductor company's stock after selling 115,057 shares during the quarter. Deutsche Bank AG's holdings in Taiwan Semiconductor Manufacturing were worth $176,998,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TSM. Brighton Jones LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% during the fourth 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 period. Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $2,143,000. Seneschal Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $238,000. Heritage Trust Co acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $518,000. Finally, Glass Jacobson Investment Advisors llc lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 289.4% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 136 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TSM. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Finally, Barclays reiterated an "overweight" rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. One analyst has rated the stock with a hold rating and four have given 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 $258.33.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded down $0.71 during trading hours on Friday, hitting $241.91. The company's stock had a trading volume of 10,540,805 shares, compared to its average volume of 12,379,486. The business's 50-day moving average is $226.40 and its two-hundred day moving average is $196.73. The company has a market capitalization of $1.25 trillion, a PE ratio of 27.58, a PEG ratio of 1.17 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.15 and a current ratio of 2.37. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The firm had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. During the same quarter in the prior year, the business posted $1.48 earnings per share. Taiwan Semiconductor Manufacturing's revenue was up 44.4% compared to the same quarter last year. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be given a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 28.16%.

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 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.