Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by ARGA Investment Management LP

ARGA Investment Management LP lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 832,279 shares of the semiconductor company's stock after selling 7,981 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 4.8% of ARGA Investment Management LP's investment portfolio, making the stock its 7th biggest position. ARGA Investment Management LP's holdings in Taiwan Semiconductor Manufacturing were worth $144,542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSM. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $25,000. Reston Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $27,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $27,000. Finally, NewSquare Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $29,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 1.9 %

Shares of NYSE TSM traded up $3.47 during mid-day trading on Friday, reaching $184.66. 8,045,290 shares of the company's stock were exchanged, compared to its average volume of 11,875,318. The firm has a market capitalization of $957.72 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 0.85 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $95.25 and a 52-week high of $212.60. The company's 50-day moving average is $189.16 and its 200-day moving average is $175.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 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, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a yield of 1.19%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 31.57%.

Analysts Set New Price Targets

Several research firms recently commented on TSM. Susquehanna reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, November 17th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $214.00.

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.