Epoch Investment Partners Inc. Cuts Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Epoch Investment Partners Inc. lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 690,571 shares of the semiconductor company’s stock after selling 18,496 shares during the period. Epoch Investment Partners Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $120,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in TSM. Norges Bank purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $108,160,000. Trexquant Investment LP purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $2,750,000. CreativeOne Wealth LLC increased its stake in Taiwan Semiconductor Manufacturing by 23.6% in the fourth quarter. CreativeOne Wealth LLC now owns 3,345 shares of the semiconductor company’s stock valued at $348,000 after purchasing an additional 638 shares during the last quarter. King Luther Capital Management Corp lifted its position in Taiwan Semiconductor Manufacturing by 37.0% in the fourth quarter. King Luther Capital Management Corp now owns 6,495 shares of the semiconductor company’s stock valued at $675,000 after acquiring an additional 1,754 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 28.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 178,297 shares of the semiconductor company’s stock worth $18,543,000 after purchasing an additional 39,550 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Down 1.2 %

NYSE:TSM opened at $174.08 on Friday. The stock has a fifty day moving average price of $167.03 and a two-hundred day moving average price of $158.00. 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 stock has a market capitalization of $902.85 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 0.99 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The business’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter last year, the business posted $1.14 earnings per share. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared 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 an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend 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 36.95%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TSM shares. Needham & Company LLC upped their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. TD Cowen raised their price target 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 reaffirmed a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Sanford C. Bernstein lifted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Finally, Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

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 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.