Hancock Whitney Corp Sells 114 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Hancock Whitney Corp cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,350 shares of the semiconductor company’s stock after selling 114 shares during the period. Hancock Whitney Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $1,278,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Johnson Financial Group Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $25,000. LifeSteps Financial Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $27,000. Olistico Wealth LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $27,000. Finally, Valley Wealth Managers Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $174.08 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47. The company’s 50-day moving average is $167.03 and its two-hundred day moving average is $158.12. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a market cap of $902.85 billion, a PE ratio of 33.16, a PEG ratio of 0.99 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The firm had revenue of $20.82 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 EPS. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 36.95%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSM. Susquehanna reiterated a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Needham & Company LLC lifted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Sanford C. Bernstein increased their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. 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.com, 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.