Amica Mutual Insurance Co. Trims Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Amica Mutual Insurance Co. reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,537 shares of the semiconductor company’s stock after selling 3,965 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 1.2% of Amica Mutual Insurance Co.’s investment portfolio, making the stock its 18th biggest holding. Amica Mutual Insurance Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $11,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Sava Infond d.o.o. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $20,328,000. Elo Mutual Pension Insurance Co lifted its position in Taiwan Semiconductor Manufacturing by 47.2% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 51,811 shares of the semiconductor company’s stock valued at $10,232,000 after purchasing an additional 16,610 shares during the period. Aviso Wealth Management purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $1,002,000. Heritage Wealth Advisors increased its position in Taiwan Semiconductor Manufacturing by 20.0% during the 4th quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 50 shares during the period. Finally, Graney & King LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $173.57 on Thursday. The business has a 50 day moving average price of $194.19 and a 200 day moving average price of $192.49. The company has a market capitalization of $900.22 billion, a P/E ratio of 24.66, a PEG ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Analysts Set New Price Targets

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