MML Investors Services LLC Sells 7,804 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

MML Investors Services LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 399,359 shares of the semiconductor company's stock after selling 7,804 shares during the period. MML Investors Services LLC's holdings in Taiwan Semiconductor Manufacturing were worth $78,869,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Natixis grew its position in shares of Taiwan Semiconductor Manufacturing by 414.2% during the 4th quarter. Natixis now owns 227,351 shares of the semiconductor company's stock valued at $44,900,000 after purchasing an additional 183,140 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.0% during the fourth quarter. Capital Research Global Investors now owns 1,735,432 shares of the semiconductor company's stock valued at $342,898,000 after buying an additional 17,288 shares during the period. Capital World Investors raised its holdings in Taiwan Semiconductor Manufacturing by 0.8% in the 4th quarter. Capital World Investors now owns 35,602,400 shares of the semiconductor company's stock worth $7,031,632,000 after purchasing an additional 294,316 shares in the last quarter. Dnca Finance lifted its holdings in Taiwan Semiconductor Manufacturing by 6.2% in the fourth quarter. Dnca Finance now owns 164,030 shares of the semiconductor company's stock worth $32,394,000 after buying an additional 9,530 shares during the period. Finally, Forum Financial Management LP boosted its position in shares of Taiwan Semiconductor Manufacturing by 10.1% during the fourth quarter. Forum Financial Management LP now owns 1,425 shares of the semiconductor company's stock valued at $281,000 after purchasing an additional 131 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TSM shares. Susquehanna dropped their price target on Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Barclays cut their price target on shares of Taiwan Semiconductor Manufacturing from $255.00 to $215.00 and set an "overweight" rating on the stock in a report on Monday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded up $6.35 during midday trading on Wednesday, reaching $157.75. The company had a trading volume of 17,591,593 shares, compared to its average volume of 15,746,486. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $128.86 and a 1 year high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a market cap of $818.16 billion, a P/E ratio of 22.41, a P/E/G ratio of 0.66 and a beta of 1.16. The business has a 50-day moving average of $171.56 and a two-hundred day moving average of $189.66.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 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, July 10th. Investors of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.74%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 27.76%.

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.