Northwest Bancshares Inc. Sells 8,397 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Northwest Bancshares Inc. decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 18.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,459 shares of the semiconductor company's stock after selling 8,397 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 1.1% of Northwest Bancshares Inc.'s portfolio, making the stock its 19th biggest position. Northwest Bancshares Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $6,506,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TSM. ProShare Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at $210,000. Crewe Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at $100,000. CreativeOne Wealth LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 25.8% during the first quarter. CreativeOne Wealth LLC now owns 4,208 shares of the semiconductor company's stock valued at $573,000 after buying an additional 863 shares during the last quarter. Wellington Wealth Strategies LLC. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at $337,000. Finally, EP Wealth Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 5.8% during the first quarter. EP Wealth Advisors LLC now owns 14,511 shares of the semiconductor company's stock valued at $1,974,000 after buying an additional 794 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded down $3.97 during trading hours on Wednesday, reaching $185.70. The stock had a trading volume of 6,979,931 shares, compared to its average volume of 15,345,525. The stock has a market capitalization of $963.12 billion, a PE ratio of 29.79, a PEG ratio of 0.87 and a beta of 1.12. 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 50 day moving average price of $186.82 and a two-hundred day moving average price of $173.13. 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 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The firm had revenue of $23.50 billion during the quarter, compared to analysts' expectations of $22.72 billion. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.18%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's payout ratio is presently 31.57%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TSM. StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Sunday. Susquehanna reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays raised 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two investment 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 presently has a consensus rating of "Moderate Buy" and a consensus 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.