Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is IQ EQ FUND MANAGEMENT IRELAND Ltd's 2nd Largest Position

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 143,639 shares of the semiconductor company's stock after selling 9,424 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 3.4% of IQ EQ FUND MANAGEMENT IRELAND Ltd's portfolio, making the stock its 2nd largest position. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $28,367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. Stonebridge Financial Group LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $25,000. IMG Wealth Management Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $26,000. Hopwood Financial Services Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $27,000. Roxbury Financial LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $29,000. Finally, CoreFirst Bank & Trust bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $39,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Down 1.4 %

NYSE TSM traded down $2.42 during trading on Friday, hitting $165.82. The company had a trading volume of 16,312,453 shares, compared to its average volume of 15,291,333. The company's fifty day moving average is $192.35 and its 200-day moving average is $192.34. The company has a market cap of $860.00 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. 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 one year low of $125.78 and a one year high of $226.40.

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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 analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio is 30.68%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TSM. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. 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.com, the stock has an average rating of "Moderate Buy" and an average target price 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.