TB Alternative Assets Ltd. Sells 11,732 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TB Alternative Assets Ltd. trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 11.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,708 shares of the semiconductor company's stock after selling 11,732 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 3.7% of TB Alternative Assets Ltd.'s investment portfolio, making the stock its 12th biggest position. TB Alternative Assets Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $15,406,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Seed Wealth Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% during the second quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company's stock valued at $792,000 after acquiring an additional 57 shares during the period. Keudell Morrison Wealth Management increased its stake in Taiwan Semiconductor Manufacturing by 1.5% in the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company's stock valued at $700,000 after buying an additional 59 shares during the period. Heron Bay Capital Management grew its stake in Taiwan Semiconductor Manufacturing by 1.0% in the second quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company's stock valued at $992,000 after purchasing an additional 59 shares in the last quarter. Azzad Asset Management Inc. ADV grew its position in Taiwan Semiconductor Manufacturing by 0.4% in the third quarter. Azzad Asset Management Inc. ADV now owns 14,166 shares of the semiconductor company's stock worth $2,460,000 after acquiring an additional 63 shares in the last quarter. Finally, Foster Group Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 1.5% during the third quarter. Foster Group Inc. now owns 4,382 shares of the semiconductor company's stock valued at $761,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSM. TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a "hold" rating in a research report on Thursday, July 18th. Needham & Company LLC restated a "buy" rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Finally, Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Trading Up 0.6 %

Shares of TSM traded up $1.12 during trading hours on Monday, hitting $201.90. 14,806,181 shares of the stock traded hands, compared to its average volume of 15,626,742. The firm has a market capitalization of $1.05 trillion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.95 and a 1-year high of $212.60. The business has a fifty day moving average of $176.00 and a 200-day moving average of $164.86.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.97% and a net margin of 39.10%. The firm's revenue was up 34.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. Analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.63 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a dividend yield of 0.97%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 31.57%.

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.