Michael S. Ryan Inc. Sells 168 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Michael S. Ryan Inc. cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,240 shares of the semiconductor company’s stock after selling 168 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 0.3% of Michael S. Ryan Inc.’s investment portfolio, making the stock its 27th largest holding. Michael S. Ryan Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors boosted its stake in shares of Taiwan Semiconductor Manufacturing by 11.4% during the 4th quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock worth $4,301,178,000 after acquiring an additional 4,240,928 shares during the last quarter. Morgan Stanley raised its position in shares of Taiwan Semiconductor Manufacturing by 11.2% during the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after purchasing an additional 2,400,882 shares during the period. Harding Loevner LP lifted its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock valued at $1,222,768,000 after buying an additional 2,008,043 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Taiwan Semiconductor Manufacturing by 6.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock worth $2,958,134,000 after buying an additional 1,649,279 shares in the last quarter. Finally, Sanders Capital LLC raised its holdings in Taiwan Semiconductor Manufacturing by 3.5% during the fourth quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock valued at $4,630,842,000 after acquiring an additional 1,501,548 shares during the period. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TSM. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a research note on Monday. TD Cowen boosted their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.00.

View Our Latest Analysis on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Price Performance

TSM traded up $3.65 during trading hours on Tuesday, hitting $180.89. The company’s stock had a trading volume of 18,201,299 shares, compared to its average volume of 14,951,375. The business’s 50-day moving average price is $149.65 and its 200-day moving average price is $130.34. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a market cap of $938.17 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 1.18 and a beta of 1.11. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $184.86.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Free Report) last issued its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.09. The company had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 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 Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a $0.4865 dividend. This represents a $1.95 annualized dividend and a yield of 1.08%. The ex-dividend date is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

About Taiwan Semiconductor Manufacturing

(Free Report)

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.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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