Banco Santander S.A. Has $3.91 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Banco Santander S.A. decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 41.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,516 shares of the semiconductor company's stock after selling 15,969 shares during the period. Banco Santander S.A.'s holdings in Taiwan Semiconductor Manufacturing were worth $3,910,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $25,000. Reston Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at $25,000. Valley Wealth Managers Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. Olistico Wealth LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $27,000. Finally, NewSquare Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $29,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Down 0.6 %

Shares of TSM traded down $1.22 during mid-day trading on Friday, reaching $190.02. The company's stock had a trading volume of 8,825,666 shares, compared to its average volume of 15,345,130. The business has a fifty day moving average of $187.92 and a 200 day moving average of $173.68. The company has a market cap of $985.52 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $95.25 and a 1 year high of $212.60. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.15%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 31.09%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, November 17th. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Barclays increased their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and a consensus target price of $214.00.

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.