Westwood Holdings Group Inc. Decreases Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Westwood Holdings Group Inc. trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 5.1% during the second quarter, Holdings Channel reports. The institutional investor owned 123,190 shares of the semiconductor company’s stock after selling 6,626 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $27,901,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th 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 during the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the first quarter valued at $908,000. Steward Partners Investment Advisory LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 34.2% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 77,987 shares of the semiconductor company’s stock worth $12,946,000 after buying an additional 19,889 shares during the last quarter. George Kaiser Family Foundation acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $259,000. Finally, Corient IA LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $664,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $291.87 on Monday. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.51 trillion, a P/E ratio of 29.94, a PEG ratio of 1.00 and a beta of 1.31. The business has a 50 day simple moving average of $293.64 and a 200-day simple moving average of $257.18. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $134.25 and a twelve month high of $313.98.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 16th. The semiconductor company reported $2.92 EPS for the quarter, beating the consensus estimate of $2.59 by $0.33. The firm had revenue of $32.36 billion during the quarter, compared to the consensus estimate of $951.89 billion. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 40.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 EPS. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.9678 per share. This represents a $3.87 annualized dividend and a dividend yield of 1.3%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 25.85%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TSM. Weiss Ratings restated a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, December 8th. Susquehanna boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. UBS Group set a $330.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Sunday, December 7th. Sanford C. Bernstein increased their target price on shares of Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the company an “outperform” rating in a research report on Sunday, December 7th. Finally, Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $355.00.

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.