Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Hyperion Capital Advisors LP

Hyperion Capital Advisors LP cut its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 40,525 shares of the semiconductor company’s stock after selling 6,063 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 3.3% of Hyperion Capital Advisors LP’s investment portfolio, making the stock its 10th largest holding. Hyperion Capital Advisors LP’s holdings in Taiwan Semiconductor Manufacturing were worth $7,038,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSM. Financial Counselors Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 0.9% during the 3rd quarter. Financial Counselors Inc. now owns 15,466 shares of the semiconductor company’s stock valued at $2,686,000 after purchasing an additional 133 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Taiwan Semiconductor Manufacturing by 799.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,899,088 shares of the semiconductor company’s stock worth $329,815,000 after buying an additional 1,687,886 shares during the period. Noesis Capital Mangement Corp increased its position in Taiwan Semiconductor Manufacturing by 10.8% in the 3rd quarter. Noesis Capital Mangement Corp now owns 116,114 shares of the semiconductor company’s stock worth $20,166,000 after buying an additional 11,320 shares during the period. Tybourne Capital Management HK Ltd. increased its position in shares of Taiwan Semiconductor Manufacturing by 4.3% during the third quarter. Tybourne Capital Management HK Ltd. now owns 21,028 shares of the semiconductor company’s stock valued at $3,652,000 after purchasing an additional 859 shares during the period. Finally, Fiduciary Trust Co increased its position in shares of Taiwan Semiconductor Manufacturing by 63.9% during the third quarter. Fiduciary Trust Co now owns 4,157 shares of the semiconductor company’s stock valued at $722,000 after purchasing an additional 1,621 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of research reports. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Down 1.4 %

TSM stock opened at $181.19 on Thursday. The company has a market cap of $939.73 billion, a P/E ratio of 29.04, a PEG ratio of 0.85 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $95.25 and a twelve month high of $212.60. 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 business has a fifty day moving average of $188.85 and a 200-day moving average of $174.71.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 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.