Scotia Capital Inc. Trims Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Scotia Capital Inc. lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,318 shares of the semiconductor company's stock after selling 13,725 shares during the period. Scotia Capital Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $68,201,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TSM. Bessemer Group Inc. raised its position in Taiwan Semiconductor Manufacturing by 568.1% during the fourth quarter. Bessemer Group Inc. now owns 430,936 shares of the semiconductor company's stock valued at $85,105,000 after purchasing an additional 366,437 shares in the last quarter. CenterBook Partners LP raised its holdings in shares of Taiwan Semiconductor Manufacturing by 16.0% during the 4th quarter. CenterBook Partners LP now owns 121,824 shares of the semiconductor company's stock valued at $24,059,000 after buying an additional 16,792 shares in the last quarter. Renaissance Technologies LLC lifted its position in Taiwan Semiconductor Manufacturing by 92.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,629,242 shares of the semiconductor company's stock worth $321,759,000 after buying an additional 780,822 shares during the last quarter. Shelton Capital Management grew its position in Taiwan Semiconductor Manufacturing by 1.8% during the fourth quarter. Shelton Capital Management now owns 13,177 shares of the semiconductor company's stock valued at $2,602,000 after acquiring an additional 236 shares during the last quarter. Finally, Rollins Financial Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.0% during the fourth quarter. Rollins Financial Advisors LLC now owns 1,869 shares of the semiconductor company's stock worth $369,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

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Taiwan Semiconductor Manufacturing Trading Up 3.8 %

TSM traded up $5.71 during trading on Friday, hitting $156.84. 19,602,894 shares of the stock traded hands, compared to its average volume of 15,813,147. The firm has a 50-day moving average of $179.21 and a 200 day moving average of $190.90. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The firm has a market capitalization of $813.44 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 30.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $220.00.

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.