BNP Paribas Trims Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

BNP Paribas lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 4.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 194,128 shares of the semiconductor company's stock after selling 9,667 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 1.4% of BNP Paribas' portfolio, making the stock its 21st largest holding. BNP Paribas' holdings in Taiwan Semiconductor Manufacturing were worth $33,712,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. PineStone Asset Management Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 116.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company's stock worth $1,352,992,000 after acquiring an additional 4,186,133 shares during the last quarter. FMR LLC lifted its stake in Taiwan Semiconductor Manufacturing by 7.2% in the third quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company's stock worth $9,721,138,000 after purchasing an additional 3,783,802 shares during the last quarter. Clearbridge Investments LLC boosted its position in Taiwan Semiconductor Manufacturing by 669.7% during the second quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company's stock valued at $646,832,000 after buying an additional 3,237,998 shares during the period. 1832 Asset Management L.P. grew its stake in shares of Taiwan Semiconductor Manufacturing by 1,226.7% during the second quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company's stock valued at $344,809,000 after buying an additional 1,834,298 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $228,200,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $183.80 on Wednesday. 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 stock has a fifty day moving average of $188.57 and a 200 day moving average of $174.66. The firm has a market capitalization of $953.26 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 0.85 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $95.25 and a 52 week high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating 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 firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. As a group, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced 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. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 31.57%.

Wall Street Analyst Weigh In

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

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.

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