Mawer Investment Management Ltd. Cuts Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mawer Investment Management Ltd. trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,816 shares of the semiconductor company’s stock after selling 7,297 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $32,155,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TSM. IPG Investment Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 42.3% in the fourth quarter. IPG Investment Advisors LLC now owns 1,786 shares of the semiconductor company’s stock worth $354,000 after purchasing an additional 531 shares in the last quarter. Dorsey Wright & Associates bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $2,457,000. RWA Wealth Partners LLC grew its stake in Taiwan Semiconductor Manufacturing by 1.7% in the 4th quarter. RWA Wealth Partners LLC now owns 54,606 shares of the semiconductor company’s stock valued at $10,784,000 after buying an additional 889 shares in the last quarter. Allianz SE bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $6,313,000. Finally, Intrust Bank NA lifted its position in shares of Taiwan Semiconductor Manufacturing by 3.4% during the fourth quarter. Intrust Bank NA now owns 15,356 shares of the semiconductor company’s stock worth $3,033,000 after acquiring an additional 504 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TSM shares. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays upped their target price 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 downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $165.82 on Friday. The stock’s 50-day moving average is $192.35 and its 200 day moving average is $192.55. The stock has a market cap of $860.00 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. 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 (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.65%. 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 is presently 30.68%.

Taiwan Semiconductor Manufacturing Company 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.