John G Ullman & Associates Inc. Has $25.11 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

John G Ullman & Associates Inc. lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 144,567 shares of the semiconductor company's stock after selling 4,150 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 3.6% of John G Ullman & Associates Inc.'s investment portfolio, making the stock its 4th biggest position. John G Ullman & Associates Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $25,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $25,000. Reston Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter worth about $25,000. Olistico Wealth LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $27,000. Valley Wealth Managers Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $27,000. Finally, NewSquare Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $29,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Ratings Changes

TSM has been the subject of several research analyst reports. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reissued a "buy" rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday. 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 report on Monday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded up $2.88 during trading on Thursday, hitting $191.24. 17,620,236 shares of the company traded hands, compared to its average volume of 15,371,717. The stock has a market capitalization of $991.85 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 0.87 and a beta of 1.12. The business's fifty day moving average is $187.19 and its 200-day moving average is $173.23. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $95.25 and a one year high of $212.60. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.15%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 31.57%.

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.