Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 41,677 shares of the semiconductor company’s stock after selling 1,294 shares during the quarter. D.A. Davidson & CO.’s holdings in Taiwan Semiconductor Manufacturing were worth $8,231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSM. AMF Tjanstepension AB raised its position in shares of Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after buying an additional 70,057 shares during the last quarter. Whittier Trust Co. raised its position in shares of Taiwan Semiconductor Manufacturing by 6.0% in the third quarter. Whittier Trust Co. now owns 42,443 shares of the semiconductor company’s stock valued at $7,371,000 after buying an additional 2,406 shares during the last quarter. Winch Advisory Services LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 5.2% in the third quarter. Winch Advisory Services LLC now owns 1,281 shares of the semiconductor company’s stock valued at $222,000 after buying an additional 63 shares during the last quarter. Foundations Investment Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 6.4% in the third quarter. Foundations Investment Advisors LLC now owns 23,054 shares of the semiconductor company’s stock valued at $4,004,000 after buying an additional 1,389 shares during the last quarter. Finally, Defender Capital LLC. grew its holdings in Taiwan Semiconductor Manufacturing by 3.7% in the third quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TSM. Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 0.7 %

NYSE TSM opened at $202.49 on Wednesday. The company’s fifty day simple moving average is $205.35 and its 200-day simple moving average is $189.70. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $122.91 and a 52 week high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.05 trillion, a P/E ratio of 28.76, a PEG ratio of 0.70 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.35%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 27.27%.

About Taiwan Semiconductor Manufacturing

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.