Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. decreased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 289,194 shares of the semiconductor company’s stock after selling 89,626 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $57,113,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 77.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 191,200 shares of the semiconductor company’s stock worth $37,760,000 after acquiring an additional 83,635 shares during the period. Blair William & Co. IL grew its stake in Taiwan Semiconductor Manufacturing by 5.6% during the 4th quarter. Blair William & Co. IL now owns 91,596 shares of the semiconductor company’s stock worth $18,089,000 after purchasing an additional 4,857 shares in the last quarter. AssuredPartners Investment Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $910,000. NEOS Investment Management LLC raised its position in Taiwan Semiconductor Manufacturing by 22.9% in the 4th quarter. NEOS Investment Management LLC now owns 11,368 shares of the semiconductor company’s stock valued at $2,245,000 after purchasing an additional 2,117 shares in the last quarter. Finally, Sava Infond d.o.o. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $20,328,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on TSM. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. 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, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $165.82 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. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40. The firm’s 50 day moving average is $192.35 and its two-hundred day moving average is $192.34. The firm has a market capitalization of $860.00 billion, a P/E ratio of 23.55, a P/E/G ratio of 0.66 and a beta of 1.13.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

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.