Aviva PLC Sells 6,470 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Aviva PLC lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 563,818 shares of the semiconductor company's stock after selling 6,470 shares during the quarter. Aviva PLC's holdings in Taiwan Semiconductor Manufacturing were worth $111,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TSM. Accel Wealth Management raised its position in Taiwan Semiconductor Manufacturing by 2.5% in the fourth quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company's stock worth $402,000 after acquiring an additional 49 shares during the period. Elmwood Wealth Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.7% in the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company's stock worth $277,000 after purchasing an additional 50 shares during the period. WP Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.2% in the fourth quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company's stock valued at $843,000 after purchasing an additional 50 shares during the last quarter. Heritage Wealth Advisors lifted its stake in Taiwan Semiconductor Manufacturing by 20.0% in the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock valued at $59,000 after purchasing an additional 50 shares during the last quarter. Finally, Gilman Hill Asset Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company's stock valued at $319,000 after purchasing an additional 52 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

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Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded down $10.50 during midday trading on Friday, hitting $146.88. 36,009,450 shares of the company traded hands, compared to its average volume of 15,473,070. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. The firm has a market cap of $761.76 billion, a P/E ratio of 20.86, a PEG ratio of 0.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a 50-day moving average of $186.54 and a 200-day moving average of $192.44.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.87%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.68%.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Company 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.