Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 21.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,267 shares of the semiconductor company’s stock after selling 16,979 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $12,297,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TSM. FMR LLC boosted its position in Taiwan Semiconductor Manufacturing by 7.2% during the third quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company’s stock worth $9,721,138,000 after acquiring an additional 3,783,802 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% during the 3rd quarter. Fisher Asset Management LLC now owns 28,767,106 shares of the semiconductor company’s stock worth $4,995,984,000 after purchasing an additional 359,854 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 6.0% during the fourth quarter. Van ECK Associates Corp now owns 19,392,159 shares of the semiconductor company’s stock worth $3,829,757,000 after purchasing an additional 1,102,166 shares during the last quarter. Jennison Associates LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 72.9% in the fourth quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company’s stock valued at $1,372,461,000 after purchasing an additional 2,931,209 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Taiwan Semiconductor Manufacturing by 19.9% in the third quarter. Janus Henderson Group PLC now owns 6,485,854 shares of the semiconductor company’s stock valued at $1,126,420,000 after purchasing an additional 1,075,425 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $177.57 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The company has a market cap of $920.97 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The stock’s 50-day moving average is $196.31 and its 200-day moving average is $191.85.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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 analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current 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. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

Analyst Ratings Changes

TSM has been the topic of a number of research analyst reports. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $220.00.

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.