Ostrum Asset Management Lowers Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ostrum Asset Management lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,630 shares of the semiconductor company’s stock after selling 5,832 shares during the period. Ostrum Asset Management’s holdings in Taiwan Semiconductor Manufacturing were worth $8,024,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 4.6% in the fourth quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company’s stock valued at $11,562,498,000 after purchasing an additional 2,572,488 shares during the period. Sanders Capital LLC raised its holdings in Taiwan Semiconductor Manufacturing by 0.6% in the 4th quarter. Sanders Capital LLC now owns 41,877,457 shares of the semiconductor company’s stock valued at $8,270,379,000 after acquiring an additional 231,310 shares during the last quarter. Capital World Investors boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.8% during the 4th quarter. Capital World Investors now owns 35,602,400 shares of the semiconductor company’s stock worth $7,031,632,000 after purchasing an additional 294,316 shares during the last quarter. Capital International Investors grew its position in shares of Taiwan Semiconductor Manufacturing by 8.2% in the fourth quarter. Capital International Investors now owns 22,210,222 shares of the semiconductor company’s stock valued at $4,391,957,000 after purchasing an additional 1,683,256 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Taiwan Semiconductor Manufacturing by 6.0% in the fourth quarter. Van ECK Associates Corp now owns 19,392,159 shares of the semiconductor company’s stock valued at $3,829,757,000 after purchasing an additional 1,102,166 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on TSM shares. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Susquehanna decreased their price objective on Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a “positive” rating on the stock in a report on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $151.86 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market capitalization of $787.61 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The company’s 50 day simple moving average is $173.73 and its 200-day simple moving average is $190.15. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

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.