OVERSEA CHINESE BANKING Corp Ltd Sells 7,461 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

OVERSEA CHINESE BANKING Corp Ltd decreased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 448,448 shares of the semiconductor company's stock after selling 7,461 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 1.7% of OVERSEA CHINESE BANKING Corp Ltd's investment portfolio, making the stock its 12th largest position. OVERSEA CHINESE BANKING Corp Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $46,635,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSM. Signaturefd LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 4.6% in the fourth quarter. Signaturefd LLC now owns 60,726 shares of the semiconductor company's stock worth $6,315,000 after acquiring an additional 2,664 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% during the fourth quarter. Verdence Capital Advisors LLC now owns 11,363 shares of the semiconductor company's stock worth $1,182,000 after buying an additional 149 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 9.0% during the fourth quarter. Lindbrook Capital LLC now owns 10,175 shares of the semiconductor company's stock worth $1,058,000 after buying an additional 844 shares in the last quarter. Calamos Wealth Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 2.5% in the fourth quarter. Calamos Wealth Management LLC now owns 21,926 shares of the semiconductor company's stock valued at $2,280,000 after purchasing an additional 535 shares in the last quarter. Finally, abrdn plc grew its stake in Taiwan Semiconductor Manufacturing by 3.1% in the fourth quarter. abrdn plc now owns 347,174 shares of the semiconductor company's stock valued at $36,106,000 after purchasing an additional 10,559 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded down $4.57 during trading on Friday, reaching $127.70. 28,284,021 shares of the company's stock traded hands, compared to its average volume of 13,782,170. The company has a market capitalization of $662.31 billion, a P/E ratio of 24.65, a PEG ratio of 1.02 and a beta of 1.15. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The firm's 50-day moving average is $136.50 and its 200 day moving average is $113.21. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $81.21 and a 1 year high of $158.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. The business had revenue of $19.62 billion for the quarter, compared to analysts' expectations of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 25.21%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 33.98%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday. Needham & Company LLC reiterated a "buy" rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a "positive" rating in a research note on Tuesday, April 2nd. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, April 11th. Finally, TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.