University of Texas Texas AM Investment Management Co. Trims Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

University of Texas Texas AM Investment Management Co. trimmed its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 61.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,657 shares of the semiconductor company’s stock after selling 2,637 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $288,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in TSM. Atlantic Edge Private Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $25,000. LifeSteps Financial Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $27,000. Olistico Wealth LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $27,000. Valley Wealth Managers Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $27,000. Finally, North Star Investment Management Corp. increased its stake in Taiwan Semiconductor Manufacturing by 670.4% during the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after buying an additional 181 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Sanford C. Bernstein increased 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. Needham & Company LLC increased their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Susquehanna reissued a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 0.9 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $172.07 on Wednesday. The company has a fifty day simple moving average of $167.63 and a 200-day simple moving average of $159.89. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.95 and a 12-month high of $193.47. 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 stock has a market cap of $892.43 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 1.04 and a beta of 1.14.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.13%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 36.95%.

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.