Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 3.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 881,505 shares of the semiconductor company's stock after selling 27,200 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 15.3% of Trinity Street Asset Management LLP's portfolio, making the stock its 4th largest holding. Trinity Street Asset Management LLP's holdings in Taiwan Semiconductor Manufacturing were worth $153,091,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TSM. Farmers & Merchants Investments Inc. raised its position in Taiwan Semiconductor Manufacturing by 11.0% during the third quarter. Farmers & Merchants Investments Inc. now owns 83,884 shares of the semiconductor company's stock valued at $14,568,000 after acquiring an additional 8,329 shares in the last quarter. MONECO Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 8.9% during the 3rd quarter. MONECO Advisors LLC now owns 3,653 shares of the semiconductor company's stock valued at $634,000 after purchasing an additional 298 shares in the last quarter. Diversify Advisory Services LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 0.8% in the 3rd quarter. Diversify Advisory Services LLC now owns 45,849 shares of the semiconductor company's stock valued at $7,963,000 after purchasing an additional 378 shares during the period. Fortitude Family Office LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 386.1% during the third quarter. Fortitude Family Office LLC now owns 350 shares of the semiconductor company's stock worth $61,000 after buying an additional 278 shares in the last quarter. Finally, Traynor Capital Management Inc. grew its position in Taiwan Semiconductor Manufacturing by 11.5% during the third quarter. Traynor Capital Management Inc. now owns 1,514 shares of the semiconductor company's stock valued at $263,000 after buying an additional 156 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded up $2.40 on Tuesday, hitting $197.08. 13,755,120 shares of the company's stock were exchanged, compared to its average volume of 15,584,746. The firm has a 50-day moving average price of $178.58 and a 200-day moving average price of $166.78. The stock has a market cap of $1.02 trillion, a price-to-earnings ratio of 37.30, a P/E/G ratio of 0.98 and a beta of 1.14. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 36.95%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Susquehanna restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC reissued a "buy" rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a "hold" rating in a report on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.00.

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.