ARK Investment Management LLC Sells 4,920 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

ARK Investment Management LLC lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,333 shares of the semiconductor company's stock after selling 4,920 shares during the quarter. ARK Investment Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $42,921,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. AMF Tjanstepension AB lifted its holdings in Taiwan Semiconductor Manufacturing by 4.8% during the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company's stock valued at $266,300,000 after purchasing an additional 70,057 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 14.1% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 7,858 shares of the semiconductor company's stock valued at $1,365,000 after purchasing an additional 969 shares during the last quarter. Inscription Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $351,000. Concord Wealth Partners lifted its holdings in Taiwan Semiconductor Manufacturing by 103.7% during the 3rd quarter. Concord Wealth Partners now owns 717 shares of the semiconductor company's stock valued at $125,000 after purchasing an additional 365 shares during the last quarter. Finally, TCI Wealth Advisors Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 6.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,260 shares of the semiconductor company's stock valued at $219,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM traded down $1.00 during midday trading on Friday, reaching $180.10. 27,895,144 shares of the stock were exchanged, compared to its average volume of 17,601,268. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month 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 has a market cap of $934.05 billion, a P/E ratio of 25.58, a PEG ratio of 0.66 and a beta of 1.06. The stock's 50 day simple moving average is $204.74 and its 200 day simple moving average is $191.45.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly 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 return on equity of 30.47% and a net margin of 40.51%. On average, sell-side analysts expect 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 given a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.52%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 31.11%.

Analyst Ratings Changes

Several equities research analysts have issued reports on TSM shares. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 17th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC reissued a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and a consensus target price 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.