State of New Jersey Common Pension Fund D Reduces Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,093,539 shares of the semiconductor company’s stock after selling 48,085 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 0.7% of State of New Jersey Common Pension Fund D’s portfolio, making the stock its 18th biggest holding. State of New Jersey Common Pension Fund D’s holdings in Taiwan Semiconductor Manufacturing were worth $217,728,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TSM. Financial Gravity Asset Management Inc. grew its position 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 valued at $27,000 after buying an additional 211 shares during the period. Farmers & Merchants Investments Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV lifted its holdings in Taiwan Semiconductor Manufacturing by 108.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 162 shares in the last quarter. Baystate Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 53.5% during the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 138 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $37,000. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TSM has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. TD Cowen lifted their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock traded up $1.68 during mid-day trading on Friday, reaching $138.26. 9,444,007 shares of the company’s stock traded hands, compared to its average volume of 15,812,054. The company has a market cap of $717.07 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 0.95 and a beta of 1.15. The stock has a 50 day moving average of $136.83 and a two-hundred day moving average of $114.30. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $82.16 and a 12-month high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

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.