TD Asset Management Inc. Decreases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TD Asset Management Inc. reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 578,967 shares of the semiconductor company's stock after selling 51,407 shares during the quarter. TD Asset Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $114,340,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GQG Partners LLC increased its stake in 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 worth $1,544,227,000 after purchasing an additional 777,090 shares during the period. EntryPoint Capital LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 49.6% in the fourth quarter. EntryPoint Capital LLC now owns 1,795 shares of the semiconductor company's stock worth $354,000 after purchasing an additional 595 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $39,000. Interchange Capital Partners LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 109.3% during the 4th quarter. Interchange Capital Partners LLC now owns 5,537 shares of the semiconductor company's stock valued at $1,144,000 after buying an additional 2,891 shares in the last quarter. Finally, Congress Wealth Management LLC DE boosted its position in Taiwan Semiconductor Manufacturing by 4.5% in the 4th quarter. Congress Wealth Management LLC DE now owns 24,123 shares of the semiconductor company's stock valued at $4,764,000 after buying an additional 1,039 shares during the period. Institutional investors own 16.51% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Stock Down 2.3 %

Shares of NYSE:TSM traded down $3.85 on Friday, reaching $164.40. The company had a trading volume of 7,716,120 shares, compared to its average volume of 15,238,012. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $852.62 billion, a PE ratio of 23.36, a PEG ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. The firm's 50 day simple moving average is $193.26 and its 200-day simple moving average is $192.32.

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, topping analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company 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 $0.6855 dividend. This represents a $2.74 annualized dividend and a yield of 1.67%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 30.68%.

About Taiwan Semiconductor Manufacturing

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.