Orion Portfolio Solutions LLC Has $1.88 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Orion Portfolio Solutions LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 94.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,941 shares of the semiconductor company's stock after selling 152,540 shares during the period. Orion Portfolio Solutions LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in Taiwan Semiconductor Manufacturing by 6.0% in the 4th quarter. Van ECK Associates Corp now owns 19,392,159 shares of the semiconductor company's stock worth $3,829,757,000 after purchasing an additional 1,102,166 shares in the last quarter. GQG Partners LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 11.0% in the fourth quarter. GQG Partners LLC now owns 7,819,269 shares of the semiconductor company's stock valued at $1,544,227,000 after buying an additional 777,090 shares during the period. Jennison Associates LLC raised its holdings in Taiwan Semiconductor Manufacturing by 72.9% in the 4th quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company's stock valued at $1,372,461,000 after buying an additional 2,931,209 shares during the last quarter. Franklin Resources Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 13.2% in the 3rd quarter. Franklin Resources Inc. now owns 6,423,734 shares of the semiconductor company's stock valued at $1,234,706,000 after buying an additional 750,515 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Taiwan Semiconductor Manufacturing by 5.3% during the 4th quarter. American Century Companies Inc. now owns 4,945,236 shares of the semiconductor company's stock worth $976,635,000 after buying an additional 248,279 shares during the period. 16.51% of the stock is owned by institutional investors.

Remove Ads

Taiwan Semiconductor Manufacturing Trading Down 7.6 %

TSM traded down $13.01 during trading on Thursday, reaching $157.38. 28,304,799 shares of the stock traded hands, compared to its average volume of 15,362,806. 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's 50-day moving average is $189.38 and its 200 day moving average is $192.49. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The stock has a market capitalization of $816.24 billion, a PE ratio of 22.36, a P/E/G 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, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.74%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's payout ratio is currently 30.68%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TSM shares. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $220.00.

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.