Headlands Technologies LLC Lowers Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Headlands Technologies LLC cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 88.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,445 shares of the semiconductor company’s stock after selling 56,760 shares during the quarter. Headlands Technologies LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,470,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Kestra Investment Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $212,000. Benjamin Edwards Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 258.5% during the third quarter. Benjamin Edwards Inc. now owns 17,606 shares of the semiconductor company’s stock worth $3,059,000 after purchasing an additional 12,695 shares in the last quarter. Ascent Group LLC increased its position in Taiwan Semiconductor Manufacturing by 2.5% during the 3rd quarter. Ascent Group LLC now owns 5,116 shares of the semiconductor company’s stock valued at $888,000 after buying an additional 123 shares in the last quarter. Hilltop Holdings Inc. raised its stake in Taiwan Semiconductor Manufacturing by 83.6% in the third quarter. Hilltop Holdings Inc. now owns 12,250 shares of the semiconductor company’s stock valued at $2,127,000 after buying an additional 5,579 shares during the last quarter. Finally, HighVista Strategies LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter worth about $1,789,000. 16.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $168.46 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The firm has a 50 day moving average of $190.44 and a two-hundred day moving average of $192.64. The firm has a market capitalization of $873.72 billion, a PE ratio of 23.93, a P/E/G ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.63%. This is a positive change 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%.

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 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.