ExodusPoint Capital Management LP Has $14.94 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

ExodusPoint Capital Management LP cut its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 42.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,653 shares of the semiconductor company's stock after selling 54,701 shares during the quarter. ExodusPoint Capital Management LP's holdings in Taiwan Semiconductor Manufacturing were worth $14,941,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Benjamin Edwards Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 258.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 17,606 shares of the semiconductor company's stock valued at $3,059,000 after acquiring an additional 12,695 shares during the period. IHT Wealth Management LLC raised its position in Taiwan Semiconductor Manufacturing by 49.7% in the 3rd quarter. IHT Wealth Management LLC now owns 13,057 shares of the semiconductor company's stock valued at $2,264,000 after buying an additional 4,336 shares during the last quarter. Morse Asset Management Inc increased its holdings 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 buying an additional 9,683 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of Taiwan Semiconductor Manufacturing by 35.3% during the 3rd quarter. Quantinno Capital Management LP now owns 51,399 shares of the semiconductor company's stock valued at $8,927,000 after buying an additional 13,413 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Taiwan Semiconductor Manufacturing by 7.1% in the third quarter. Stifel Financial Corp now owns 923,845 shares of the semiconductor company's stock worth $160,445,000 after purchasing an additional 61,609 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. 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. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded down $10.50 during mid-day trading on Friday, hitting $146.88. The stock had a trading volume of 36,009,450 shares, compared to its average volume of 15,444,363. The stock has a market capitalization of $761.76 billion, a price-to-earnings ratio of 20.86, a P/E/G 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. The company has a 50 day simple moving average of $186.54 and a 200-day simple moving average of $192.09. 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 announced its quarterly earnings data 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 return on equity of 30.47% and a net margin of 40.51%. On average, 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 announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This represents a $2.74 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.68%.

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.