Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,113,193 shares of the semiconductor company’s stock after selling 10,983 shares during the period. PNC Financial Services Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $193,328,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Atlantic Edge Private Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $25,000. Reston Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $25,000. Olistico Wealth LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. Valley Wealth Managers Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. Finally, NewSquare Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.2 %

Shares of NYSE TSM opened at $189.72 on Wednesday. The stock has a market cap of $983.97 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $95.25 and a 52-week high of $212.60. The business has a 50-day moving average price of $186.82 and a 200 day moving average price of $173.13. 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 announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The business had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday. Needham & Company LLC restated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $214.00.

About Taiwan Semiconductor Manufacturing

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.