Sterling Capital Management LLC Decreases Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sterling Capital Management LLC lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,996 shares of the semiconductor company's stock after selling 5,292 shares during the quarter. Sterling Capital Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $5,331,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Morse Asset Management Inc grew its stake in Taiwan Semiconductor Manufacturing by 120.7% during the third quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company's stock worth $3,074,000 after purchasing an additional 9,683 shares during the period. Toronto Dominion Bank increased its stake in shares of Taiwan Semiconductor Manufacturing by 23.2% in the 3rd quarter. Toronto Dominion Bank now owns 12,398 shares of the semiconductor company's stock valued at $2,153,000 after acquiring an additional 2,331 shares in the last quarter. M&T Bank Corp lifted its position in shares of Taiwan Semiconductor Manufacturing by 12.4% during the 3rd quarter. M&T Bank Corp now owns 241,714 shares of the semiconductor company's stock valued at $41,979,000 after acquiring an additional 26,715 shares during the period. Advisory Resource Group boosted its stake in Taiwan Semiconductor Manufacturing by 1.4% during the third quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company's stock worth $1,387,000 after acquiring an additional 107 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in Taiwan Semiconductor Manufacturing by 242.1% in the third quarter. Virtu Financial LLC now owns 28,669 shares of the semiconductor company's stock worth $4,979,000 after purchasing an additional 20,289 shares during the period. Institutional investors own 16.51% of the company's stock.

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Taiwan Semiconductor Manufacturing Stock Down 0.9 %

NYSE TSM traded down $1.42 during trading hours on Monday, hitting $155.66. The company's stock had a trading volume of 17,445,596 shares, compared to its average volume of 15,835,094. The company has a market capitalization of $807.32 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. 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 52 week low of $125.78 and a 52 week high of $226.40. The company's 50-day simple moving average is $179.21 and its two-hundred day simple moving average is $190.93.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.68%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TSM. 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 report on Friday, January 17th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. 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.com, the stock has an average rating of "Moderate Buy" and an average target price 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.