CCLA Investment Management Trims Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

CCLA Investment Management lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,151 shares of the semiconductor company's stock after selling 31,703 shares during the quarter. CCLA Investment Management's holdings in Taiwan Semiconductor Manufacturing were worth $30,653,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TSM. Floyd Financial Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $2,138,000. Pines Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $697,000. Accurate Wealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 18.2% in the 4th quarter. Accurate Wealth Management LLC now owns 1,417 shares of the semiconductor company's stock valued at $295,000 after buying an additional 218 shares during the period. Wynn Capital LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% during the fourth quarter. Wynn Capital LLC now owns 6,480 shares of the semiconductor company's stock valued at $1,280,000 after purchasing an additional 75 shares during the last quarter. Finally, David J Yvars Group acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $216,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $201.62 on Wednesday. The stock has a 50-day simple moving average of $197.26 and a 200 day simple moving average of $183.79. The stock has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 32.31, a P/E/G ratio of 0.93 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $100.00 and a 12-month high of $222.20. 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 announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to analysts' expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm 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 dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 35.10%.

Analysts Set New Price Targets

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

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.

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