Swedbank AB Has $225.96 Million Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Swedbank AB cut its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,301,103 shares of the semiconductor company’s stock after selling 195,771 shares during the period. Swedbank AB’s holdings in Taiwan Semiconductor Manufacturing were worth $225,963,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ulland Investment Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at about $58,000. Boomfish Wealth Group LLC acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at about $886,000. Michael S. Ryan Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 3.1% during the third quarter. Michael S. Ryan Inc. now owns 3,339 shares of the semiconductor company’s stock worth $580,000 after purchasing an additional 99 shares in the last quarter. Creative Planning lifted its position in shares of Taiwan Semiconductor Manufacturing by 8.1% during the third quarter. Creative Planning now owns 495,686 shares of the semiconductor company’s stock worth $86,086,000 after purchasing an additional 37,122 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 20.7% during the third quarter. Wesbanco Bank Inc. now owns 7,732 shares of the semiconductor company’s stock worth $1,343,000 after purchasing an additional 1,325 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Susquehanna reiterated a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Sanford C. Bernstein upped their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Finally, TD Cowen boosted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 2.3 %

NYSE:TSM traded down $4.49 during trading hours on Tuesday, hitting $187.72. The stock had a trading volume of 15,578,611 shares, compared to its average volume of 15,322,730. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.95 and a one year high of $194.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The company has a market cap of $973.59 billion, a price-to-earnings ratio of 33.40, a P/E/G ratio of 1.09 and a beta of 1.14. The business’s 50 day moving average is $172.53 and its 200-day moving average is $162.86.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The business’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 earnings per share. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 35.24%.

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.