Thrivent Financial for Lutherans Trims Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Thrivent Financial for Lutherans cut its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 524,566 shares of the semiconductor company’s stock after selling 15,447 shares during the period. Thrivent Financial for Lutherans’ holdings in Taiwan Semiconductor Manufacturing were worth $103,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSM. Victory Capital Management Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 116.0% during the third quarter. Victory Capital Management Inc. now owns 104,657 shares of the semiconductor company’s stock worth $18,176,000 after acquiring an additional 56,211 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 13.3% during the third quarter. Empowered Funds LLC now owns 20,073 shares of the semiconductor company’s stock worth $3,486,000 after acquiring an additional 2,360 shares during the last quarter. Claro Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 21.9% during the third quarter. Claro Advisors LLC now owns 2,865 shares of the semiconductor company’s stock worth $498,000 after acquiring an additional 514 shares during the last quarter. Meeder Advisory Services Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 22.6% during the third quarter. Meeder Advisory Services Inc. now owns 3,981 shares of the semiconductor company’s stock worth $691,000 after acquiring an additional 734 shares during the last quarter. Finally, Caprock Group LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.7% during the third quarter. Caprock Group LLC now owns 62,676 shares of the semiconductor company’s stock worth $10,925,000 after acquiring an additional 1,027 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TSM shares. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $173.09 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40. 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 company has a fifty day simple moving average of $197.58 and a two-hundred day simple moving average of $192.08. The firm has a market capitalization of $897.70 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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 represents a $2.74 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.68%.

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.