Waverton Investment Management Ltd Sells 34,185 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Waverton Investment Management Ltd trimmed its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 3.9% during the first quarter, Holdings Channel reports. The fund owned 839,779 shares of the semiconductor company’s stock after selling 34,185 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 2.2% of Waverton Investment Management Ltd’s holdings, making the stock its 22nd largest position. Waverton Investment Management Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $139,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quilter Plc boosted its position in Taiwan Semiconductor Manufacturing by 5.3% during the first quarter. Quilter Plc now owns 624,885 shares of the semiconductor company’s stock worth $103,731,000 after purchasing an additional 31,551 shares during the period. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $274,000. Artemis Investment Management LLP lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.8% in the first quarter. Artemis Investment Management LLP now owns 98,988 shares of the semiconductor company’s stock worth $16,432,000 after buying an additional 767 shares during the last quarter. Canvas Wealth Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 9.7% during the 1st quarter. Canvas Wealth Advisors LLC now owns 3,442 shares of the semiconductor company’s stock worth $521,000 after buying an additional 305 shares during the period. Finally, Hunter Perkins Capital Management LLC grew its stake in Taiwan Semiconductor Manufacturing by 43.1% in the 1st quarter. Hunter Perkins Capital Management LLC now owns 36,119 shares of the semiconductor company’s stock valued at $6,012,000 after buying an additional 10,874 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 0.6%

Shares of TSM opened at $224.04 on Friday. The stock’s 50-day moving average price is $191.46 and its 200 day moving average price is $190.06. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.16 trillion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 1.15 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.59%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays reaffirmed an “overweight” rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a “positive” rating in a research report on Tuesday, June 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $222.50.

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.