SBI Securities Co. Ltd. Sells 6,536 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

SBI Securities Co. Ltd. lessened its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 6.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 88,994 shares of the semiconductor company's stock after selling 6,536 shares during the period. SBI Securities Co. Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $14,773,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. IMG Wealth Management Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $26,000. Accredited Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. City Holding Co. grew its position in shares of Taiwan Semiconductor Manufacturing by 238.0% in the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock valued at $28,000 after buying an additional 119 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its position in shares of Taiwan Semiconductor Manufacturing by 289.4% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock valued at $36,000 after buying an additional 136 shares during the last quarter. Finally, Nemes Rush Group LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 1,810.0% in the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the semiconductor company's stock valued at $38,000 after buying an additional 181 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on TSM. Barclays restated an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a report on Tuesday, June 17th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $233.75.

Taiwan Semiconductor Manufacturing Trading Up 0.3%

NYSE TSM opened at $230.38 on Monday. The firm has a market capitalization of $1.19 trillion, a P/E ratio of 29.61, a PEG ratio of 1.25 and a beta of 1.29. The business has a fifty day simple moving average of $206.45 and a 200 day simple moving average of $192.31. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $237.58. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 31.75%.

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.

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