CANADA LIFE ASSURANCE Co Reduces Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

CANADA LIFE ASSURANCE Co decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,588,237 shares of the semiconductor company's stock after selling 92,246 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 0.5% of CANADA LIFE ASSURANCE Co's holdings, making the stock its 29th largest holding. CANADA LIFE ASSURANCE Co's holdings in Taiwan Semiconductor Manufacturing were worth $313,458,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Demars Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $78,005,000. Cravens & Co Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 1.3% in the fourth quarter. Cravens & Co Advisors LLC now owns 6,604 shares of the semiconductor company's stock valued at $1,304,000 after buying an additional 87 shares during the last quarter. Zacks Investment Management boosted its holdings in Taiwan Semiconductor Manufacturing by 1.3% in the fourth quarter. Zacks Investment Management now owns 7,924 shares of the semiconductor company's stock worth $1,565,000 after purchasing an additional 104 shares during the period. NewEdge Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 4.1% during the fourth quarter. NewEdge Advisors LLC now owns 136,924 shares of the semiconductor company's stock worth $27,041,000 after acquiring an additional 5,431 shares during the period. Finally, Insigneo Advisory Services LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.5% in the 4th quarter. Insigneo Advisory Services LLC now owns 14,473 shares of the semiconductor company's stock worth $2,858,000 after purchasing an additional 486 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on TSM. Needham & Company LLC restated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Barclays dropped their price target on shares of Taiwan Semiconductor Manufacturing from $255.00 to $215.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Susquehanna dropped their target price on shares of Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a "positive" rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM traded down $4.91 on Monday, hitting $146.83. The stock had a trading volume of 7,291,197 shares, compared to its average volume of 18,456,260. The firm has a 50-day moving average of $173.73 and a 200-day moving average of $190.15. 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 debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market capitalization of $761.52 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. 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. This represents a $2.74 dividend on an annualized basis and a yield of 1.87%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.68%.

Taiwan Semiconductor Manufacturing 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.