Pinebridge Investments L.P. Has $2.30 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Pinebridge Investments L.P. cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 52.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,631 shares of the semiconductor company's stock after selling 12,685 shares during the period. Pinebridge Investments L.P.'s holdings in Taiwan Semiconductor Manufacturing were worth $2,297,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays reissued a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and an average target price of $212.00.

Taiwan Semiconductor Manufacturing Trading Down 1.1 %

TSM stock traded down $1.83 during trading on Monday, hitting $163.27. The company had a trading volume of 11,402,048 shares, compared to its average volume of 15,765,983. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $133.21 and a one year high of $226.40. The business has a 50-day moving average of $169.09 and a 200-day moving average of $189.19. The stock has a market cap of $846.79 billion, a PE ratio of 23.19, a PEG ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $834.10 billion. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.68%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 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.