Commerzbank Aktiengesellschaft FI Sells 194 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Commerzbank Aktiengesellschaft FI decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,824 shares of the semiconductor company’s stock after selling 194 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Taiwan Semiconductor Manufacturing were worth $398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TSM. Congress Wealth Management LLC DE grew its position in Taiwan Semiconductor Manufacturing by 2.2% in the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock worth $2,686,000 after purchasing an additional 671 shares in the last quarter. CapWealth Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock worth $12,720,000 after buying an additional 21,329 shares during the last quarter. LGT Capital Partners LTD. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 4.4% during the 3rd quarter. LGT Capital Partners LTD. now owns 1,554,790 shares of the semiconductor company’s stock valued at $135,111,000 after purchasing an additional 65,220 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 7.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 159,658 shares of the semiconductor company’s stock valued at $13,874,000 after purchasing an additional 11,427 shares during the last quarter. Finally, Verus Capital Partners LLC grew its holdings in Taiwan Semiconductor Manufacturing by 53.6% in the 3rd quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock worth $279,000 after acquiring an additional 1,119 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent research reports. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. Needham & Company LLC restated a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday. Finally, Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $126.63 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $81.21 and a 1 year high of $158.40. The firm’s 50-day moving average is $136.50 and its two-hundred day moving average is $113.40. The stock has a market cap of $656.76 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 0.92 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 25.25%. The business had revenue of $19.62 billion for the quarter, compared to analysts’ expectations of $18.99 billion. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.1 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

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.