Hexavest Inc. Sells 665 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Hexavest Inc. lowered its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.4% in the 4th quarter, Holdings Channel reports. The firm owned 7,287 shares of the semiconductor company’s stock after selling 665 shares during the quarter. Hexavest Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sanders Capital LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.9% in the 3rd quarter. Sanders Capital LLC now owns 41,400,710 shares of the semiconductor company’s stock valued at $3,684,276,000 after purchasing an additional 353,588 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.8% in the 3rd quarter. WCM Investment Management LLC now owns 32,349,374 shares of the semiconductor company’s stock valued at $2,622,564,000 after purchasing an additional 1,170,341 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 7.1% in the 3rd quarter. BlackRock Inc. now owns 11,458,622 shares of the semiconductor company’s stock valued at $928,952,000 after purchasing an additional 760,168 shares during the last quarter. Sands Capital Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 30.6% during the 3rd quarter. Sands Capital Management LLC now owns 6,804,403 shares of the semiconductor company’s stock valued at $551,633,000 after acquiring an additional 1,592,405 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 16.4% during the 3rd quarter. Nuveen Asset Management LLC now owns 5,121,702 shares of the semiconductor company’s stock valued at $415,216,000 after acquiring an additional 721,377 shares in the last quarter. 18.52% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE TSM opened at $123.00 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $42.70 and a fifty-two week high of $126.29. The business has a 50 day moving average price of $106.31 and a two-hundred day moving average price of $86.46. The company has a quick ratio of 1.26, a current ratio of 1.40 and a debt-to-equity ratio of 0.06. The firm has a market cap of $637.89 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 1.18 and a beta of 0.93.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 15th. The semiconductor company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Taiwan Semiconductor Manufacturing had a net margin of 37.94% and a return on equity of 29.40%. The business had revenue of $12.14 billion for the quarter, compared to analyst estimates of $12.50 billion. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 3.48 earnings per share for the current year.

The company also recently announced an annual dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, March 18th will be issued a dividend of $0.3463 per share. This represents a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, March 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 65.12%.

TSM has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Thursday, January 7th. Sanford C. Bernstein upgraded shares of Taiwan Semiconductor Manufacturing from a “market perform” rating to an “outperform” rating and set a $149.00 target price on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $105.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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