Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Harber Asset Management LLC’s 4th Largest Position

Harber Asset Management LLC lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 27.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,335 shares of the semiconductor company’s stock after selling 40,912 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 5.6% of Harber Asset Management LLC’s portfolio, making the stock its 4th largest position. Harber Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $18,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of TSM. FWG Holdings LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock worth $539,000 after buying an additional 50 shares in the last quarter. Defender Capital LLC. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% in the 3rd quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 56 shares during the period. Hardy Reed LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% during the third quarter. Hardy Reed LLC now owns 4,635 shares of the semiconductor company’s stock worth $805,000 after buying an additional 56 shares in the last quarter. Seed Wealth Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% in the second quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after purchasing an additional 57 shares during the period. Finally, Keudell Morrison Wealth Management boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.5% in the second quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock valued at $700,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $194.44 on Tuesday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.01 trillion, a PE ratio of 31.16, a P/E/G ratio of 0.85 and a beta of 1.09. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. The firm has a fifty day simple moving average of $189.16 and a two-hundred day simple moving average of $175.32.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.13%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

Analysts Set New Price Targets

Several equities analysts have issued reports on TSM shares. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays raised 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, November 18th. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.