Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Position Cut by Monolith Management Ltd

Monolith Management Ltd decreased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 35.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,000 shares of the semiconductor company's stock after selling 29,090 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 5.5% of Monolith Management Ltd's portfolio, making the stock its 8th biggest holding. Monolith Management Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $10,664,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Kovitz Investment Group Partners LLC lifted its stake in Taiwan Semiconductor Manufacturing by 4.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 24,297 shares of the semiconductor company's stock worth $4,798,000 after purchasing an additional 1,053 shares during the last quarter. Keyvantage Wealth LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $739,000. Science & Technology Partners L.P. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $3,900,000. Voya Investment Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 39.1% during the 4th quarter. Voya Investment Management LLC now owns 2,342,671 shares of the semiconductor company's stock valued at $462,629,000 after acquiring an additional 658,859 shares during the period. Finally, RiverPark Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 5.2% in the 4th quarter. RiverPark Advisors LLC now owns 19,969 shares of the semiconductor company's stock valued at $3,944,000 after acquiring an additional 995 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 3.9 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $163.94 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $128.86 and a 1 year high of $226.40. 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 has a market cap of $850.26 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 0.66 and a beta of 1.16. The firm's 50-day moving average is $169.84 and its two-hundred day moving average is $189.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, research 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 company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.67%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 27.76%.

Wall Street Analysts Forecast Growth

TSM has been the subject of several research analyst reports. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Needham & Company LLC reissued a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Susquehanna reduced their target price on shares of Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Finally, Barclays lowered their price target on Taiwan Semiconductor Manufacturing from $255.00 to $215.00 and set an "overweight" rating for the company in a report on Monday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

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.

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