Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Holdings Cut by Augustine Asset Management Inc.

Augustine Asset Management Inc. decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,541 shares of the semiconductor company's stock after selling 2,685 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 6.3% of Augustine Asset Management Inc.'s portfolio, making the stock its 5th largest position. Augustine Asset Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $23,806,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $25,000. Reston Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at $25,000. Archer Investment Corp increased its holdings in Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company's stock worth $33,000 after buying an additional 62 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $40,000. Finally, American Capital Advisory LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $38,000. Institutional investors own 16.51% of the company's stock.

Remove Ads

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded up $1.94 during mid-day trading on Friday, reaching $203.77. 23,189,167 shares of the company's stock traded hands, compared to its average volume of 18,992,380. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $122.91 and a 12 month high of $226.40. The firm has a 50 day moving average price of $205.26 and a two-hundred day moving average price of $188.98. The firm has a market capitalization of $1.06 trillion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.35%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's payout ratio is currently 27.27%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TSM shares. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Needham & Company LLC restated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.