Baldwin Investment Management LLC Trims Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Baldwin Investment Management LLC lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,478 shares of the semiconductor company’s stock after selling 738 shares during the period. Baldwin Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSM. Mount Yale Investment Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 4.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after purchasing an additional 1,476 shares during the period. McHugh Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $605,000. OLD National Bancorp IN lifted its position in shares of Taiwan Semiconductor Manufacturing by 2.1% in the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock valued at $22,357,000 after acquiring an additional 2,368 shares in the last quarter. Guardian Partners Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $9,222,000. Finally, Hardman Johnston Global Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 7.6% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock valued at $75,329,000 after purchasing an additional 26,847 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $179.21 on Friday. The firm has a market cap of $929.46 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $133.57 and a 52-week high of $226.40. 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 company’s 50 day moving average is $166.42 and its 200 day moving average is $188.49.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The business had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.53%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.76%.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of research reports. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Barclays reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $212.00.

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.