Desjardins Global Asset Management Inc. Has $886,000 Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Desjardins Global Asset Management Inc. decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,520 shares of the semiconductor company’s stock after selling 885 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $886,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. PCA Investment Advisory Services Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $29,000. Farmers & Merchants Investments Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $31,000. Creative Financial Designs Inc. ADV lifted its holdings in Taiwan Semiconductor Manufacturing by 108.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after buying an additional 162 shares in the last quarter. Financial Gravity Asset Management Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 211 shares during the period. Finally, Retirement Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 82.5% in the 2nd quarter. Retirement Group LLC now owns 334 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 151 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on TSM shares. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Needham & Company LLC lifted their target price on shares of Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Finally, TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, January 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Taiwan Semiconductor Manufacturing Stock Down 0.5 %

Shares of NYSE:TSM opened at $139.08 on Thursday. The company has a 50 day moving average price of $136.64 and a two-hundred day moving average price of $112.61. The company has a market capitalization of $721.33 billion, a PE ratio of 26.85, a PEG ratio of 1.07 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $81.21 and a 52 week high of $158.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. The firm had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.27%. Taiwan Semiconductor Manufacturing’s payout ratio is 33.20%.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.