Smith Group Asset Management LLC Reduces Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Smith Group Asset Management LLC cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 18.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,868 shares of the semiconductor company's stock after selling 8,510 shares during the period. Smith Group Asset Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $7,479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Reston Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth $25,000. Sugarloaf Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 77.1% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 81 shares during the last quarter. Archer Investment Corp increased its holdings in Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 62 shares in the last quarter. American Capital Advisory LLC bought a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at about $38,000. Finally, OLD Second National Bank of Aurora boosted its stake in shares of Taiwan Semiconductor Manufacturing by 169.8% during the third quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 0.0 %

Shares of NYSE:TSM traded up $0.06 during mid-day trading on Wednesday, hitting $202.46. The company had a trading volume of 15,053,345 shares, compared to its average volume of 20,903,750. 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 Company Limited has a one year low of $112.61 and a one year high of $226.40. The firm has a fifty day moving average price of $201.42 and a 200 day moving average price of $185.89. The company has a market capitalization of $1.05 trillion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is an increase 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 1.08%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 31.11%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TSM. 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, January 16th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Finally, Susquehanna reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and a consensus price target of $220.00.

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.