Jacobi Capital Management LLC Lowers Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Jacobi Capital Management LLC decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 7.9% during the first quarter, HoldingsChannel reports. The firm owned 4,453 shares of the semiconductor company’s stock after selling 384 shares during the period. Jacobi Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $464,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Capital World Investors raised its holdings in shares of Taiwan Semiconductor Manufacturing by 2.0% in the 4th quarter. Capital World Investors now owns 36,229,363 shares of the semiconductor company’s stock valued at $4,358,774,000 after purchasing an additional 723,057 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.0% in the 1st quarter. Fisher Asset Management LLC now owns 26,188,624 shares of the semiconductor company’s stock valued at $2,730,426,000 after purchasing an additional 251,551 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 2.3% in the 4th quarter. BlackRock Inc. now owns 16,286,362 shares of the semiconductor company’s stock valued at $1,959,412,000 after purchasing an additional 365,237 shares in the last quarter. GQG Partners LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 60.8% in the 4th quarter. GQG Partners LLC now owns 13,539,439 shares of the semiconductor company’s stock valued at $1,628,657,000 after purchasing an additional 5,117,716 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 2.7% in the 4th quarter. William Blair Investment Management LLC now owns 11,311,005 shares of the semiconductor company’s stock valued at $1,360,747,000 after purchasing an additional 298,322 shares in the last quarter.

Taiwan Semiconductor Manufacturing Stock Up 1.5 %

NYSE:TSM opened at $89.77 on Friday. The company has a market cap of $465.55 billion, a PE ratio of 17.33 and a beta of 0.98. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $73.74 and a twelve month high of $145.00. The company has a current ratio of 2.09, a quick ratio of 1.85 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $86.15 and its two-hundred day moving average is $98.79.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last released its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.05. The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.68 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.53% and a return on equity of 34.31%. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.3 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 16th will be paid a $0.4625 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.85 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, September 15th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 28.19%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TSM shares. lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Susquehanna Bancshares cut their price objective on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 14th. Susquehanna cut their price objective on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Finally, Loop Capital assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.14.

Taiwan Semiconductor Manufacturing Company Profile

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Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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