Westwood Holdings Group Inc. Sells 1,314 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Westwood Holdings Group Inc. decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,178 shares of the semiconductor company’s stock after selling 1,314 shares during the period. Westwood Holdings Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $39,343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BOKF NA boosted its position in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 81 shares in the last quarter. CapWealth Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 21.1% during the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock valued at $12,720,000 after purchasing an additional 21,329 shares in the last quarter. Dodge & Cox bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $6,396,000. Fisher Asset Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after acquiring an additional 442,289 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $553,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 5.3 %

Shares of Taiwan Semiconductor Manufacturing stock traded down $8.32 on Friday, hitting $149.86. The company had a trading volume of 31,095,265 shares, compared to its average volume of 21,681,786. The stock has a market capitalization of $777.24 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 0.94 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $84.01 and a 1 year high of $193.47. The stock has a 50 day moving average of $169.82 and a 200-day moving average of $146.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. The firm had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.14 earnings per share. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be given a dividend of $0.4865 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.57%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Needham & Company LLC increased their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

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.