Massachusetts Financial Services Co. MA Has $3.50 Billion Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Massachusetts Financial Services Co. MA reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,740,344 shares of the semiconductor company's stock after selling 2,489,441 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 1.1% of Massachusetts Financial Services Co. MA's portfolio, making the stock its 10th largest position. Massachusetts Financial Services Co. MA owned about 0.34% of Taiwan Semiconductor Manufacturing worth $3,503,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. Stonebridge Financial Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $25,000. IMG Wealth Management Inc. bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $26,000. Hopwood Financial Services Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $27,000. Roxbury Financial LLC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $29,000. Finally, Nemes Rush Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1,810.0% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 181 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

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Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock traded up $1.84 during trading on Wednesday, reaching $170.48. The company's stock had a trading volume of 9,777,639 shares, compared to its average volume of 15,288,434. The firm has a market cap of $884.18 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The business's fifty day moving average price is $189.38 and its 200-day moving average price is $192.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly 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 net margin of 40.51% and a return on equity of 30.47%. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 30.68%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. 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. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.