Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Strategy Capital LLC's 7th Largest Position

Strategy Capital LLC trimmed its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 379,507 shares of the semiconductor company's stock after selling 13,409 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 6.1% of Strategy Capital LLC's holdings, making the stock its 7th largest position. Strategy Capital LLC's holdings in Taiwan Semiconductor Manufacturing were worth $74,949,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in TSM. Morse Asset Management Inc boosted 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 valued at $3,074,000 after buying an additional 9,683 shares during the period. Executive Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter worth about $834,000. Brophy Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter worth approximately $305,000. Coldstream Capital Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 5.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 16,997 shares of the semiconductor company's stock valued at $2,953,000 after buying an additional 895 shares in the last quarter. Finally, Chiron Investment Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 4.0% during the third quarter. Chiron Investment Management LLC now owns 47,461 shares of the semiconductor company's stock worth $8,243,000 after purchasing an additional 1,823 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on TSM. Needham & Company LLC reissued a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 1.0 %

Shares of TSM stock traded down $1.61 during mid-day trading on Monday, reaching $155.47. The stock had a trading volume of 11,410,379 shares, compared to its average volume of 15,811,995. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock's 50-day moving average price is $179.21 and its two-hundred day moving average price is $190.93. The firm has a market capitalization of $806.33 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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 analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 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, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is an increase 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%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 30.68%.

Taiwan Semiconductor Manufacturing Company 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.