Flossbach Von Storch SE Sells 25,696 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Flossbach Von Storch SE cut its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 229,323 shares of the semiconductor company’s stock after selling 25,696 shares during the period. Flossbach Von Storch SE’s holdings in Taiwan Semiconductor Manufacturing were worth $45,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. First Bank & Trust grew its position in Taiwan Semiconductor Manufacturing by 12.1% in the fourth quarter. First Bank & Trust now owns 3,948 shares of the semiconductor company’s stock valued at $780,000 after acquiring an additional 427 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 7.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 15,428 shares of the semiconductor company’s stock valued at $3,047,000 after acquiring an additional 1,030 shares during the last quarter. Hardy Reed LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.9% in the fourth quarter. Hardy Reed LLC now owns 4,725 shares of the semiconductor company’s stock valued at $933,000 after acquiring an additional 90 shares during the last quarter. Advyzon Investment Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $258,000. Finally, Handelsbanken Fonder AB boosted its holdings in Taiwan Semiconductor Manufacturing by 17.6% in the fourth quarter. Handelsbanken Fonder AB now owns 743,000 shares of the semiconductor company’s stock valued at $146,735,000 after acquiring an additional 111,000 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM opened at $200.88 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $122.91 and a 1 year high of $226.40. The stock has a market cap of $1.04 trillion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.06. The stock’s 50-day moving average price is $205.68 and its two-hundred day moving average price is $190.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is 31.11%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TSM shares. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

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.