Sava Infond d.o.o. Sells 6,100 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Sava Infond d.o.o. lowered its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 5.9% during the first quarter, Holdings Channel.com reports. The firm owned 96,830 shares of the semiconductor company’s stock after selling 6,100 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 3.1% of Sava Infond d.o.o.’s portfolio, making the stock its 10th largest position. Sava Infond d.o.o.’s holdings in Taiwan Semiconductor Manufacturing were worth $16,074,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IMG Wealth Management Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $26,000. Hopwood Financial Services Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $27,000. Accredited Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $31,000. City Holding Co. raised its position in shares of Taiwan Semiconductor Manufacturing by 238.0% during the first quarter. City Holding Co. now owns 169 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 119 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc raised its position in shares of Taiwan Semiconductor Manufacturing by 289.4% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 136 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 0.5%

NYSE TSM opened at $210.47 on Tuesday. The stock has a 50-day simple moving average of $187.34 and a 200 day simple moving average of $189.45. The company has a market capitalization of $1.09 trillion, a PE ratio of 27.05, a P/E/G ratio of 1.08 and a beta of 1.27. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The business had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.24%. Taiwan Semiconductor Manufacturing’s payout ratio is 30.59%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSM. Barclays restated an “overweight” rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a “positive” rating in a research report on Tuesday, June 17th. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $222.50.

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.