Fifth Third Bancorp Sells 6,734 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fifth Third Bancorp cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,720 shares of the semiconductor company's stock after selling 6,734 shares during the period. Fifth Third Bancorp's holdings in Taiwan Semiconductor Manufacturing were worth $12,387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Client Services LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $201,000. Trust Co of the South boosted its position in Taiwan Semiconductor Manufacturing by 232.8% during the fourth quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company's stock worth $1,752,000 after acquiring an additional 6,204 shares during the last quarter. Headwater Capital Co Ltd purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $49,372,000. Genesis Private Wealth LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $462,000. Finally, NRI Wealth Management LC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $1,545,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock traded down $2.89 during trading hours on Friday, reaching $221.73. The company's stock had a trading volume of 13,173,022 shares, compared to its average volume of 13,752,765. 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 Company Limited has a one year low of $112.61 and a one year high of $226.40. The company's 50 day simple moving average is $201.07 and its 200 day simple moving average is $185.76. The stock has a market cap of $1.15 trillion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 0.99%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 27.27%.

Analysts Set New Price Targets

A number of research firms recently issued reports on TSM. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Monday, January 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Finally, Barclays boosted their price objective 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Company 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.