Fullerton Fund Management Co Ltd. Cuts Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Fullerton Fund Management Co Ltd. reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 56.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,242 shares of the semiconductor company's stock after selling 8,076 shares during the quarter. Fullerton Fund Management Co Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $1,414,000 as of its most recent SEC filing.The Chip Boom Is Back: 3 Stocks Positioned for Huge GainsA number of other institutional investors also recently added to or reduced their stakes in the stock. Alliance Wealth Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 2.4% during the second quarter. Alliance Wealth Advisors LLC now owns 1,815 shares of the semiconductor company's stock valued at $411,000 after buying an additional 43 shares during the last quarter. Pflug Koory LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 3.9% in the 2nd quarter. Pflug Koory LLC now owns 1,133 shares of the semiconductor company's stock worth $257,000 after buying an additional 43 shares during the last quarter. Frazier Financial Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 9.1% during the 2nd quarter. Frazier Financial Advisors LLC now owns 517 shares of the semiconductor company's stock worth $117,000 after acquiring an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 3,621 shares of the semiconductor company's stock worth $820,000 after acquiring an additional 43 shares in the last quarter. Finally, Liberty One Investment Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 4.3% during the second quarter. Liberty One Investment Management LLC now owns 1,076 shares of the semiconductor company's stock valued at $244,000 after acquiring an additional 44 shares during the last quarter. Institutional investors own 16.51% of the company's stock. Taiwan Semiconductor Manufacturing Price PerformanceNYSE TSM opened at $291.87 on Friday. The company has a market cap of $1.51 trillion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.05 and a beta of 1.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.69 and a quick ratio of 2.47. The stock's fifty day moving average price is $293.64 and its 200 day moving average price is $256.34. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $313.98. Intel’s Black Friday Breakout: Apple Rumors Fuel a Holiday RallyTaiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, October 16th. The semiconductor company reported $2.92 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.33. The company had revenue of $32.36 billion during the quarter, compared to analysts' expectations of $951.89 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.The firm's revenue was up 40.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.94 EPS. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year. Taiwan Semiconductor Manufacturing Increases DividendThe company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 17th will be given a $0.9678 dividend. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.83. This represents a $3.87 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, March 17th. Taiwan Semiconductor Manufacturing's payout ratio is currently 25.85%. Analysts Set New Price TargetsThese 3 Tech Companies Are Suddenly Paying Bigger DividendsTSM has been the topic of several analyst reports. Itau BBA Securities started coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They issued an "outperform" rating on the stock. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, October 17th. Wall Street Zen downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, December 6th. Needham & Company LLC reiterated a "buy" rating and issued a $360.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Finally, Sanford C. Bernstein raised their price target on Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the stock an "outperform" rating in a report on Sunday, December 7th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $355.00.Check Out Our Latest Stock Analysis on TSMAbout Taiwan Semiconductor Manufacturing (Free Report)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.Featured ArticlesFive stocks we like better than Taiwan Semiconductor ManufacturingWhat is a support level?Synopsys Sees Bullish Shift as Ansys Integration Drives GrowthStock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be ClosedThe Best Holiday Present You Can Give Yourself? Costco StockWhat Are Dividend Challengers?Why Zscaler Stock Could Be Ready to Bounce After a 30% SelloffThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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