TB Alternative Assets Ltd. Trims Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TB Alternative Assets Ltd. cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 88,708 shares of the semiconductor company’s stock after selling 11,732 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 3.7% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 12th biggest holding. TB Alternative Assets Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $15,406,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $25,000. Valley Wealth Managers Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $27,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $27,000. NewSquare Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $29,000. Finally, Fairscale Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $32,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on TSM. TD Cowen upped their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Finally, Needham & Company LLC restated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $200.78 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.95 and a 1 year high of $212.60. The firm has a market cap of $1.04 trillion, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. The stock has a 50-day simple moving average of $175.31 and a 200-day simple moving average of $164.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 27.97% and a net margin of 39.10%. The business had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.63 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 0.97%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

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.