Thrivent Financial for Lutherans decreased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 25.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,538 shares of the semiconductor company’s stock after selling 12,788 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Taiwan Semiconductor Manufacturing were worth $8,323,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock worth $2,159,000 after purchasing an additional 1,892 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $908,000. EntryPoint Capital LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.7% in the 1st quarter. EntryPoint Capital LLC now owns 1,880 shares of the semiconductor company’s stock worth $312,000 after buying an additional 85 shares during the period. Tradition Wealth Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 3.4% during the 1st quarter. Tradition Wealth Management LLC now owns 5,274 shares of the semiconductor company’s stock worth $875,000 after buying an additional 175 shares in the last quarter. Finally, Capital Analysts LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 0.6% during the first quarter. Capital Analysts LLC now owns 17,226 shares of the semiconductor company’s stock valued at $2,860,000 after buying an additional 96 shares during the period. 16.51% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on TSM. Sanford C. Bernstein upped their price objective on shares of Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the stock an “outperform” rating in a research note on Sunday, December 7th. UBS Group set a $330.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Sunday, December 7th. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday. Finally, Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $355.00.
Taiwan Semiconductor Manufacturing Stock Up 2.9%
Shares of Taiwan Semiconductor Manufacturing stock opened at $284.95 on Friday. The company has a quick ratio of 2.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.48 trillion, a P/E ratio of 29.23, a PEG ratio of 0.95 and a beta of 1.31. The firm’s 50 day moving average price is $292.36 and its 200-day moving average price is $258.79. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $313.98.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last posted its earnings results on Thursday, October 16th. The semiconductor company reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. The company had revenue of $32.36 billion during the quarter, compared to analysts’ expectations of $951.89 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 40.1% compared to the same quarter last year. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.
Taiwan Semiconductor Manufacturing Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be given a $0.9678 dividend. This represents a $3.87 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s payout ratio is 25.85%.
Taiwan Semiconductor Manufacturing Company 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.
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