Schroder Investment Management Group Sells 812,852 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Schroder Investment Management Group cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 11.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,558,114 shares of the semiconductor company's stock after selling 812,852 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 1.3% of Schroder Investment Management Group's holdings, making the stock its 12th biggest holding. Schroder Investment Management Group owned approximately 0.13% of Taiwan Semiconductor Manufacturing worth $1,314,180,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cynosure Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at about $241,000. Blueshift Asset Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $206,000. CreativeOne Wealth LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 29.0% during the third quarter. CreativeOne Wealth LLC now owns 5,323 shares of the semiconductor company's stock worth $925,000 after purchasing an additional 1,198 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Taiwan Semiconductor Manufacturing by 211.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,005 shares of the semiconductor company's stock valued at $7,990,000 after purchasing an additional 31,231 shares during the period. Finally, Fiduciary Trust Co grew its holdings in Taiwan Semiconductor Manufacturing by 63.9% during the 3rd quarter. Fiduciary Trust Co now owns 4,157 shares of the semiconductor company's stock valued at $722,000 after purchasing an additional 1,621 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Trading Up 0.5 %

Shares of NYSE TSM traded up $0.81 during mid-day trading on Monday, hitting $166.06. 19,391,567 shares of the company traded hands, compared to its average volume of 15,307,752. The business has a 50 day moving average of $192.35 and a two-hundred day moving average of $192.71. The stock has a market capitalization of $861.27 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. 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 earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.65%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) 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.