Hilton Capital Management LLC Has $10.14 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Hilton Capital Management LLC decreased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 30.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,359 shares of the semiconductor company's stock after selling 25,934 shares during the quarter. Hilton Capital Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $10,135,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Kirtland Hills Capital Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 82.5% during the 3rd quarter. Kirtland Hills Capital Management LLC now owns 5,379 shares of the semiconductor company's stock valued at $934,000 after buying an additional 2,432 shares during the period. Jennison Associates LLC increased its holdings in Taiwan Semiconductor Manufacturing by 8.2% during the 3rd quarter. Jennison Associates LLC now owns 4,018,311 shares of the semiconductor company's stock worth $697,860,000 after purchasing an additional 304,566 shares during the last quarter. MWA Asset Management increased its holdings in Taiwan Semiconductor Manufacturing by 1.2% during the 3rd quarter. MWA Asset Management now owns 7,014 shares of the semiconductor company's stock worth $1,218,000 after purchasing an additional 85 shares during the last quarter. Segall Bryant & Hamill LLC increased its holdings in Taiwan Semiconductor Manufacturing by 2.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 83,081 shares of the semiconductor company's stock worth $14,429,000 after purchasing an additional 2,101 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $295,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TSM shares. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday. Susquehanna restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded down $1.31 during mid-day trading on Wednesday, hitting $188.36. 10,024,240 shares of the company's stock traded hands, compared to its average volume of 15,359,056. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $186.82 and a two-hundred day moving average of $173.13. The firm has a market capitalization of $976.91 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.16%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing's payout ratio is currently 31.57%.

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.