Highland Capital Management LLC Decreases Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Highland Capital Management LLC reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,067 shares of the semiconductor company’s stock after selling 1,833 shares during the quarter. Highland Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,357,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TSM. Olistico Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth approximately $27,000. NewSquare Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth approximately $29,000. First Community Trust NA acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $33,000. LifeSteps Financial Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth approximately $27,000. Finally, North Star Investment Management Corp. raised its position in shares of Taiwan Semiconductor Manufacturing by 670.4% during the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 181 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock traded up $4.84 during trading on Friday, reaching $171.28. The company’s stock had a trading volume of 12,189,133 shares, compared to its average volume of 16,057,435. The business’s fifty day moving average price is $171.38 and its 200-day moving average price is $152.86. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $193.47. The firm has a market cap of $888.33 billion, a price-to-earnings ratio of 32.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14. 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 (NYSE:TSM) last issued its quarterly earnings results 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 company had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 1.14%. 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 (DPR) is presently 36.95%.

Analyst Ratings Changes

A number of equities analysts recently commented on TSM shares. Susquehanna reaffirmed a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Sanford C. Bernstein lifted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Needham & Company LLC raised their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.