Ostrum Asset Management Trims Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ostrum Asset Management lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,630 shares of the semiconductor company's stock after selling 5,832 shares during the period. Ostrum Asset Management's holdings in Taiwan Semiconductor Manufacturing were worth $8,024,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Accel Wealth Management boosted its position in shares of Taiwan Semiconductor Manufacturing by 2.5% in the 4th quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company's stock worth $402,000 after purchasing an additional 49 shares in the last quarter. Elmwood Wealth Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 3.7% in the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company's stock worth $277,000 after purchasing an additional 50 shares in the last quarter. WP Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 1.2% during the 4th quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company's stock valued at $843,000 after purchasing an additional 50 shares in the last quarter. Heritage Wealth Advisors raised its holdings in Taiwan Semiconductor Manufacturing by 20.0% in the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock worth $59,000 after buying an additional 50 shares during the last quarter. Finally, Gilman Hill Asset Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company's stock valued at $319,000 after buying an additional 52 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TSM. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Barclays lowered their target price on shares of Taiwan Semiconductor Manufacturing from $255.00 to $215.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Susquehanna lowered their price objective on shares of 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. 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM traded up $6.35 during midday trading on Wednesday, reaching $157.75. The stock had a trading volume of 17,581,126 shares, compared to its average volume of 15,746,295. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $128.86 and a 12-month high of $226.40. The stock has a 50-day moving average of $171.56 and a 200-day moving average of $189.66. The company has a market capitalization of $818.16 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The firm had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS 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 given a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.74%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 27.76%.

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.