Flossbach Von Storch AG Sells 27,880 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Flossbach Von Storch AG trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.3% during the 4th quarter, HoldingsChannel reports. The firm owned 272,425 shares of the semiconductor company’s stock after selling 27,880 shares during the quarter. Flossbach Von Storch AG’s holdings in Taiwan Semiconductor Manufacturing were worth $28,332,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. increased its stake in Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 211 shares during the last quarter. MBM Wealth Consultants LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $27,000. PCA Investment Advisory Services Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $29,000. First Financial Corp IN bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth approximately $31,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $31,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded down $0.72 during midday trading on Wednesday, hitting $139.08. 18,748,080 shares of the company were exchanged, compared to its average volume of 15,390,534. The company’s 50 day simple moving average is $136.64 and its 200 day simple moving average is $112.61. The firm has a market capitalization of $721.33 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $81.21 and a 1-year high of $158.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The business had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 33.20%.

Analyst Ratings Changes

Several research analysts have issued reports on TSM shares. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Needham & Company LLC upped their target price on Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a report on Friday, January 12th. Finally, Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $147.00.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.