Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Holdings Trimmed by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 24.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 611,233 shares of the semiconductor company’s stock after selling 194,763 shares during the period. Taiwan Semiconductor Manufacturing makes up 1.5% of AEGON ASSET MANAGEMENT UK Plc’s portfolio, making the stock its 11th biggest position. AEGON ASSET MANAGEMENT UK Plc’s holdings in Taiwan Semiconductor Manufacturing were worth $106,468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atlantic Edge Private Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $25,000. Reston Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $27,000. Olistico Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $27,000. Finally, NewSquare Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TSM shares. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday. Finally, TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $201.20 on Friday. The company has a market cap of $1.04 trillion, a P/E ratio of 32.24, a P/E/G ratio of 0.93 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $91.60 and a 1 year high of $212.60. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $183.11 and a 200 day simple moving average of $170.07.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.97%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

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.