Westwood Holdings Group Inc. Has $46.84 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Westwood Holdings Group Inc. reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269,483 shares of the semiconductor company’s stock after selling 19,695 shares during the period. Westwood Holdings Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $46,839,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Nkcfo LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $834,000. Transatlantique Private Wealth LLC grew its position in Taiwan Semiconductor Manufacturing by 3.9% in the second quarter. Transatlantique Private Wealth LLC now owns 23,299 shares of the semiconductor company’s stock valued at $4,049,000 after purchasing an additional 884 shares in the last quarter. Summit Trail Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 24.2% in the 2nd quarter. Summit Trail Advisors LLC now owns 2,528 shares of the semiconductor company’s stock valued at $441,000 after buying an additional 493 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Taiwan Semiconductor Manufacturing by 102.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 752,971 shares of the semiconductor company’s stock worth $130,874,000 after buying an additional 381,766 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.0% during the 2nd quarter. Sei Investments Co. now owns 3,045,388 shares of the semiconductor company’s stock worth $529,318,000 after buying an additional 30,414 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $174.04 on Friday. The stock has a market cap of $902.64 billion, a PE ratio of 33.15, a P/E/G ratio of 0.99 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The firm has a 50-day moving average of $167.03 and a 200-day moving average of $157.84. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.11. The firm had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same period last year, the business posted $1.14 earnings per share. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.12%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 37.71%.

Analyst Upgrades and Downgrades

TSM has been the topic of several analyst reports. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Susquehanna reissued a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Finally, Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

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.