Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 11.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,582 shares of the semiconductor company's stock after selling 7,786 shares during the period. Pzena Investment Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $10,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in Taiwan Semiconductor Manufacturing by 0.7% during the third quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company's stock worth $3,176,423,000 after buying an additional 122,828 shares during the last quarter. WCM Investment Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 14.1% during the third quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company's stock worth $1,733,104,000 after buying an additional 1,206,359 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Taiwan Semiconductor Manufacturing by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,873,873 shares of the semiconductor company's stock worth $1,071,242,000 after buying an additional 296,892 shares during the last quarter. PineStone Asset Management Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 116.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company's stock valued at $1,352,992,000 after purchasing an additional 4,186,133 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.9% in the 2nd quarter. American Century Companies Inc. now owns 4,519,925 shares of the semiconductor company's stock valued at $785,608,000 after purchasing an additional 128,078 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 1.0 %

NYSE TSM traded up $1.97 during trading hours on Thursday, hitting $190.33. 11,626,477 shares of the company were exchanged, compared to its average volume of 15,345,196. The company has a 50 day moving average of $187.19 and a two-hundred day moving average of $173.23. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $95.25 and a 52-week high of $212.60. The firm has a market cap of $987.13 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 0.87 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.15%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 31.57%.

Analyst Ratings Changes

Several brokerages have recently commented on TSM. Susquehanna reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $214.00.

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.