Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Position Cut by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,947 shares of the semiconductor company's stock after selling 3,001 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 3.4% of SeaBridge Investment Advisors LLC's holdings, making the stock its 4th largest position. SeaBridge Investment Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $16,381,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mount Yale Investment Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 4.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company's stock valued at $7,052,000 after acquiring an additional 1,476 shares during the period. OLD National Bancorp IN grew its position in Taiwan Semiconductor Manufacturing by 2.1% during the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company's stock valued at $22,357,000 after buying an additional 2,368 shares during the period. Private Client Services LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $201,000. YHB Investment Advisors Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 6.9% in the fourth quarter. YHB Investment Advisors Inc. now owns 40,275 shares of the semiconductor company's stock valued at $7,954,000 after purchasing an additional 2,604 shares during the period. Finally, Matthews International Capital Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 23.3% during the 4th quarter. Matthews International Capital Management LLC now owns 195,243 shares of the semiconductor company's stock worth $38,559,000 after buying an additional 36,845 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 2.2 %

Taiwan Semiconductor Manufacturing stock traded up $4.41 during trading on Tuesday, reaching $204.21. 10,926,676 shares of the company were exchanged, compared to its average volume of 19,693,832. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock's 50 day simple moving average is $202.74 and its two-hundred day simple moving average is $186.63. The company has a market capitalization of $1.06 trillion, a P/E ratio of 29.01, a PEG ratio of 0.69 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $116.58 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.07%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 27.27%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSM. Needham & Company LLC restated a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Finally, Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.