Geode Capital Management LLC Sells 14,295 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Geode Capital Management LLC lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 628,489 shares of the semiconductor company's stock after selling 14,295 shares during the quarter. Geode Capital Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $124,120,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TSM. Stonebridge Financial Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $25,000. IMG Wealth Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $26,000. Hopwood Financial Services Inc. bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $27,000. Roxbury Financial LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $29,000. Finally, Nemes Rush Group LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 1,810.0% during the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Up 3.8 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $5.71 during trading hours on Friday, reaching $156.84. 19,602,894 shares of the company's stock were exchanged, compared to its average volume of 15,813,147. The stock has a market cap of $813.44 billion, a P/E ratio of 22.28, a P/E/G ratio of 0.66 and a beta of 1.16. The company has a 50 day moving average of $179.21 and a two-hundred day moving average of $190.90. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40.

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, beating 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%. On average, sell-side analysts forecast 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 given a dividend of $0.6855 per share. 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 1.75%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.68%.

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.