Mirova US LLC Has $248.35 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mirova US LLC reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,387,973 shares of the semiconductor company’s stock after selling 35,050 shares during the period. Taiwan Semiconductor Manufacturing accounts for 3.7% of Mirova US LLC’s investment portfolio, making the stock its 12th biggest position. Mirova US LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $248,349,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 29.3% in the fourth quarter. Avior Wealth Management LLC now owns 3,308 shares of the semiconductor company’s stock worth $344,000 after acquiring an additional 749 shares during the last quarter. Allen Capital Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.7% in the fourth quarter. Allen Capital Group LLC now owns 37,815 shares of the semiconductor company’s stock worth $3,933,000 after acquiring an additional 987 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,961 shares of the semiconductor company’s stock worth $1,452,000 after acquiring an additional 150 shares during the last quarter. Wealth Alliance increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% in the fourth quarter. Wealth Alliance now owns 9,193 shares of the semiconductor company’s stock worth $956,000 after acquiring an additional 180 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 9.5% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 9,060 shares of the semiconductor company’s stock worth $942,000 after acquiring an additional 785 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Down 0.2 %

NYSE:TSM traded down $0.34 during trading hours on Wednesday, reaching $139.80. The company’s stock had a trading volume of 14,218,222 shares, compared to its average volume of 12,559,826. The company has a market cap of $725.06 billion, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $81.21 and a one year high of $158.40. The business’s 50-day moving average is $136.36 and its 200-day moving average is $112.42. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The company had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 33.20%.

Analyst Ratings Changes

A number of research firms have recently weighed in on TSM. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a report on Friday, January 12th. Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.