Federated Hermes Inc. Decreases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Federated Hermes Inc. trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.7% during the fourth quarter, Holdings Channel reports. The fund owned 459,524 shares of the semiconductor company’s stock after selling 32,805 shares during the quarter. Federated Hermes Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $47,790,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TSM. Congress Wealth Management LLC DE boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.2% during the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock valued at $2,686,000 after buying an additional 671 shares during the last quarter. LGT Capital Partners LTD. boosted its stake in Taiwan Semiconductor Manufacturing by 4.4% during the 3rd quarter. LGT Capital Partners LTD. now owns 1,554,790 shares of the semiconductor company’s stock valued at $135,111,000 after acquiring an additional 65,220 shares during the last quarter. Naples Global Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 1.0% during the 3rd quarter. Naples Global Advisors LLC now owns 110,356 shares of the semiconductor company’s stock worth $9,640,000 after acquiring an additional 1,085 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Taiwan Semiconductor Manufacturing by 7.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 159,658 shares of the semiconductor company’s stock worth $13,874,000 after acquiring an additional 11,427 shares in the last quarter. Finally, Verus Capital Partners LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 53.6% in the 3rd quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 1,119 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday. TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday. Susquehanna raised their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $127.71 on Friday. The company has a current ratio of 2.40, a quick ratio of 2.13 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $136.50 and its two-hundred day moving average is $113.02. The firm has a market capitalization of $662.36 billion, a P/E ratio of 24.65, a PEG ratio of 1.02 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $81.21 and a 52 week high of $158.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.37 by $0.07. The firm had revenue of $19.62 billion for the quarter, compared to analysts’ expectations of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.21% and a net margin of 38.15%. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.38%. Taiwan Semiconductor Manufacturing’s payout ratio is 33.98%.

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.