Natixis Sells 47,668 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Natixis trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 25.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 137,703 shares of the semiconductor company’s stock after selling 47,668 shares during the period. Natixis’ holdings in Taiwan Semiconductor Manufacturing were worth $31,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Navis Wealth Advisors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at $201,000. Bank of Nova Scotia increased its holdings in shares of Taiwan Semiconductor Manufacturing by 12.8% in the 2nd quarter. Bank of Nova Scotia now owns 15,697 shares of the semiconductor company’s stock worth $3,556,000 after purchasing an additional 1,784 shares in the last quarter. California First Leasing Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 7.7% during the second quarter. California First Leasing Corp now owns 36,550 shares of the semiconductor company’s stock valued at $8,278,000 after purchasing an additional 2,600 shares in the last quarter. Cary Street Partners Financial LLC raised its position in Taiwan Semiconductor Manufacturing by 19.1% in the 2nd quarter. Cary Street Partners Financial LLC now owns 13,770 shares of the semiconductor company’s stock worth $3,119,000 after buying an additional 2,210 shares during the last quarter. Finally, Daner Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $250,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 0.6%

TSM stock opened at $294.64 on Monday. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $311.37. The firm’s 50-day moving average is $291.84 and its 200 day moving average is $253.39. The company has a market capitalization of $1.53 trillion, a PE ratio of 30.22, a P/E/G ratio of 1.01 and a beta of 1.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.69 and a quick ratio of 2.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, October 16th. The semiconductor company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. The business had revenue of $32.36 billion for the quarter, compared to the consensus estimate of $951.89 billion. During the same period in the prior year, the firm earned $1.94 EPS. The company’s revenue for the quarter was up 40.1% compared to the same quarter last year. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.9678 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. This represents a $3.87 annualized dividend and a dividend yield of 1.3%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 26.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TSM shares. Needham & Company LLC reissued a “buy” rating and issued a $360.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Monday, October 27th. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 17th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Taiwan Semiconductor Manufacturing in a report on Sunday. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, December 1st. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Buy” and an average target price of $361.25.

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.