Natixis Advisors LLC Lowers Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Natixis Advisors LLC lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,040,254 shares of the semiconductor company’s stock after selling 30,203 shares during the period. Taiwan Semiconductor Manufacturing makes up 0.7% of Natixis Advisors LLC’s investment portfolio, making the stock its 21st largest position. Natixis Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $354,331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Defender Capital LLC. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.7% during the 3rd quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock valued at $272,000 after buying an additional 56 shares in the last quarter. Seed Wealth Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% during the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after buying an additional 57 shares in the last quarter. Keudell Morrison Wealth Management raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.5% during the 2nd quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock valued at $700,000 after buying an additional 59 shares in the last quarter. Heron Bay Capital Management raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.0% during the 2nd quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock valued at $992,000 after buying an additional 59 shares in the last quarter. Finally, Archer Investment Corp raised its holdings in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $186.03 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. The business’s 50 day simple moving average is $185.79 and its two-hundred day simple moving average is $171.92. The stock has a market capitalization of $964.83 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $95.25 and a one year high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.18%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TSM shares. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

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.