CIBC Asset Management Inc Has $13.76 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

CIBC Asset Management Inc lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 69,673 shares of the semiconductor company’s stock after selling 668 shares during the period. CIBC Asset Management Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $13,760,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TSM. AMF Tjanstepension AB boosted its stake in Taiwan Semiconductor Manufacturing by 4.8% during the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after purchasing an additional 70,057 shares during the last quarter. Whittier Trust Co. boosted its stake in Taiwan Semiconductor Manufacturing by 6.0% during the 3rd quarter. Whittier Trust Co. now owns 42,443 shares of the semiconductor company’s stock valued at $7,371,000 after purchasing an additional 2,406 shares during the last quarter. Winch Advisory Services LLC boosted its stake in Taiwan Semiconductor Manufacturing by 5.2% during the 3rd quarter. Winch Advisory Services LLC now owns 1,281 shares of the semiconductor company’s stock valued at $222,000 after purchasing an additional 63 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 6.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 23,054 shares of the semiconductor company’s stock valued at $4,004,000 after purchasing an additional 1,389 shares during the last quarter. Finally, Defender Capital LLC. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% in the 3rd quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock worth $272,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $202.49 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $122.91 and a 12 month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The business’s 50 day simple moving average is $205.35 and its 200 day simple moving average is $189.70. The company has a market cap of $1.05 trillion, a price-to-earnings ratio of 28.76, a PEG ratio of 0.70 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.35%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 27.27%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TSM shares. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.00.

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.