Cambiar Investors LLC Sells 5,191 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cambiar Investors LLC cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 6.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,670 shares of the semiconductor company's stock after selling 5,191 shares during the period. Cambiar Investors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $13,663,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TSM. Roanoke Asset Management Corp NY acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth $211,000. Americana Partners LLC raised its stake in Taiwan Semiconductor Manufacturing by 0.4% during the third quarter. Americana Partners LLC now owns 20,615 shares of the semiconductor company's stock worth $3,580,000 after acquiring an additional 88 shares in the last quarter. Lebenthal Global Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 22.9% in the 3rd quarter. Lebenthal Global Advisors LLC now owns 8,957 shares of the semiconductor company's stock valued at $1,556,000 after purchasing an additional 1,671 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,408 shares of the semiconductor company's stock valued at $418,000 after purchasing an additional 71 shares during the last quarter. Finally, Hartford Financial Management Inc. increased its position in Taiwan Semiconductor Manufacturing by 11.3% during the 3rd quarter. Hartford Financial Management Inc. now owns 11,626 shares of the semiconductor company's stock worth $2,019,000 after purchasing an additional 1,177 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Needham & Company LLC restated a "buy" rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Friday. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Finally, TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a "hold" rating in a research note on Thursday, July 18th. Two 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

Shares of NYSE TSM traded up $2.41 during trading on Friday, reaching $192.95. The company had a trading volume of 12,691,190 shares, compared to its average volume of 16,069,050. The stock has a market cap of $1.00 trillion, a P/E ratio of 30.92, a PEG ratio of 0.92 and a beta of 1.12. The company's fifty day moving average price is $180.45 and its 200-day moving average price is $168.08. The company has a quick ratio of 2.21, a current ratio of 2.57 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $89.46 and a 12 month high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 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.