OVERSEA CHINESE BANKING Corp Ltd Sells 80,801 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

OVERSEA CHINESE BANKING Corp Ltd cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 16.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 412,909 shares of the semiconductor company’s stock after selling 80,801 shares during the period. Taiwan Semiconductor Manufacturing comprises about 2.3% of OVERSEA CHINESE BANKING Corp Ltd’s investment portfolio, making the stock its 9th biggest holding. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $81,768,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $25,000. IMG Wealth Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $26,000. Hopwood Financial Services Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $27,000. Roxbury Financial LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $29,000. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $40,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TSM shares. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $173.09 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40. The company has a market cap of $897.70 billion, a P/E ratio of 24.59, a PEG ratio of 0.66 and a beta of 1.13. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average of $197.58 and a two-hundred day moving average of $192.08.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.58%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

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.