Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Greenwoods Asset Management Hong Kong Ltd.’s 5th Largest Position

Greenwoods Asset Management Hong Kong Ltd. lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 27.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,244,950 shares of the semiconductor company’s stock after selling 477,364 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 7.8% of Greenwoods Asset Management Hong Kong Ltd.’s portfolio, making the stock its 5th biggest holding. Greenwoods Asset Management Hong Kong Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $245,865,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Stonebridge Financial Group LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $25,000. Roxbury Financial LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $29,000. Archer Investment Corp grew its holdings in 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. Endeavor Private Wealth Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $40,000. Finally, Human Investing LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 4.5 %

Shares of NYSE TSM opened at $175.99 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $202.55 and a two-hundred day simple moving average of $191.61. The firm has a market cap of $912.75 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. This represents a $2.74 annualized dividend and a dividend yield of 1.56%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.11%.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent research reports. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Company 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.