Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 21.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,555 shares of the semiconductor company’s stock after selling 15,644 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 2.3% of Polymer Capital Management HK LTD’s investment portfolio, making the stock its 9th largest holding. Polymer Capital Management HK LTD’s holdings in Taiwan Semiconductor Manufacturing were worth $10,169,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Marcho Partners LLP boosted its position in Taiwan Semiconductor Manufacturing by 21.6% in the 3rd quarter. Marcho Partners LLP now owns 129,706 shares of the semiconductor company’s stock worth $22,526,000 after purchasing an additional 23,065 shares in the last quarter. Morse Asset Management Inc grew its position in shares of Taiwan Semiconductor Manufacturing by 120.7% during the 3rd quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company’s stock valued at $3,074,000 after acquiring an additional 9,683 shares during the period. IHT Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 49.7% in the 3rd quarter. IHT Wealth Management LLC now owns 13,057 shares of the semiconductor company’s stock valued at $2,264,000 after purchasing an additional 4,336 shares in the last quarter. Ingalls & Snyder LLC raised its holdings in Taiwan Semiconductor Manufacturing by 2.6% in the 3rd quarter. Ingalls & Snyder LLC now owns 37,037 shares of the semiconductor company’s stock worth $6,432,000 after purchasing an additional 940 shares during the period. Finally, In Depth Partners LLC boosted its position in Taiwan Semiconductor Manufacturing by 9.3% during the third quarter. In Depth Partners LLC now owns 33,387 shares of the semiconductor company’s stock worth $5,798,000 after purchasing an additional 2,846 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Finally, Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two equities research 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $198.89 on Wednesday. The stock has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 0.90 and a beta of 1.09. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $95.25 and a 52 week high of $212.60. The firm has a 50-day simple moving average of $189.90 and a 200-day simple moving average of $175.95. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.10%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

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.