Thrivent Financial for Lutherans Decreases Stake in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Thrivent Financial for Lutherans cut its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 25.9% in the second quarter, Holdings Channel reports. The firm owned 36,538 shares of the semiconductor company’s stock after selling 12,788 shares during the period. Thrivent Financial for Lutherans’ holdings in Taiwan Semiconductor Manufacturing were worth $8,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TSM. 1248 Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth $28,000. Resources Management Corp CT ADV acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $32,000. Mid American Wealth Advisory Group Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth $33,000. First Command Advisory Services Inc. lifted its position in Taiwan Semiconductor Manufacturing by 174.1% during the 2nd quarter. First Command Advisory Services Inc. now owns 159 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 101 shares during the period. Finally, Riggs Asset Managment Co. Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 2.9%

Shares of NYSE:TSM opened at $284.95 on Friday. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $313.98. The business has a 50 day moving average of $292.36 and a two-hundred day moving average of $258.79. The company has a market capitalization of $1.48 trillion, a PE ratio of 29.23, a PEG ratio of 0.95 and a beta of 1.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 EPS for the quarter, topping 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 business had revenue of $32.36 billion for the quarter, compared to analysts’ expectations of $951.89 billion. During the same quarter last year, the company earned $1.94 EPS. The business’s revenue was up 40.1% on a year-over-year basis. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be issued a $0.9678 dividend. 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. This represents a $3.87 dividend on an annualized basis and a yield of 1.4%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 25.85%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TSM. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Itau BBA Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They issued an “outperform” rating on the stock. Sanford C. Bernstein raised their price target on shares of Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the stock an “outperform” rating in a research report on Sunday, December 7th. Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. Finally, Susquehanna increased 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 note on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Buy” and an average target price of $355.00.

Taiwan Semiconductor Manufacturing 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.