Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is John G Ullman & Associates Inc.'s 3rd Largest Position

John G Ullman & Associates Inc. trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,287 shares of the semiconductor company's stock after selling 5,280 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 4.0% of John G Ullman & Associates Inc.'s holdings, making the stock its 3rd largest position. John G Ullman & Associates Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $27,508,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Reston Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $25,000. Stonebridge Financial Group LLC bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $25,000. Roxbury Financial LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $29,000. Archer Investment Corp lifted its stake in Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company's stock valued at $33,000 after buying an additional 62 shares during the last quarter. Finally, American Capital Advisory LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at $38,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock traded down $1.00 during trading hours on Friday, hitting $180.10. 27,895,144 shares of the stock traded hands, compared to its average volume of 17,601,268. 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 stock has a 50-day simple moving average of $204.74 and a 200 day simple moving average of $191.59. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. The company has a market cap of $934.05 billion, a P/E ratio of 25.58, a P/E/G ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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%. Equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.52%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's payout ratio is currently 31.11%.

Wall Street Analyst Weigh In

Several research firms recently commented on TSM. Barclays raised 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. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC restated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $220.00.

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.