Advisors Asset Management Inc. Sells 7,760 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Advisors Asset Management Inc. trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 18.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,304 shares of the semiconductor company's stock after selling 7,760 shares during the period. Advisors Asset Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $5,958,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Kirtland Hills Capital Management LLC lifted its position in Taiwan Semiconductor Manufacturing by 82.5% during the 3rd quarter. Kirtland Hills Capital Management LLC now owns 5,379 shares of the semiconductor company's stock worth $934,000 after buying an additional 2,432 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 8.2% during the 3rd quarter. Jennison Associates LLC now owns 4,018,311 shares of the semiconductor company's stock worth $697,860,000 after buying an additional 304,566 shares during the last quarter. MWA Asset Management boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% during the 3rd quarter. MWA Asset Management now owns 7,014 shares of the semiconductor company's stock worth $1,218,000 after buying an additional 85 shares during the period. Segall Bryant & Hamill LLC grew its stake in Taiwan Semiconductor Manufacturing by 2.6% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 83,081 shares of the semiconductor company's stock valued at $14,429,000 after buying an additional 2,101 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $295,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Down 0.6 %

Shares of NYSE:TSM traded down $1.16 during trading on Friday, reaching $190.08. 8,492,895 shares of the stock were exchanged, compared to its average volume of 15,343,691. The stock has a fifty day moving average of $187.57 and a two-hundred day moving average of $173.35. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. 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 firm has a market cap of $985.83 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's dividend payout ratio is 31.09%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Needham & Company LLC reiterated a "buy" rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Susquehanna reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Sunday, November 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $214.00.

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.