FIL Ltd Sells 449,542 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

FIL Ltd lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 12.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,045,571 shares of the semiconductor company's stock after selling 449,542 shares during the quarter. FIL Ltd owned about 0.06% of Taiwan Semiconductor Manufacturing worth $601,470,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TSM. Stonebridge Financial Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $25,000. IMG Wealth Management Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $26,000. Hopwood Financial Services Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $27,000. Roxbury Financial LLC purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $29,000. Finally, Nemes Rush Group LLC increased its holdings in 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 acquiring an additional 181 shares during the period. Institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM traded up $5.52 during mid-day trading on Friday, reaching $156.65. 12,544,266 shares of the company were exchanged, compared to its average volume of 15,770,629. The stock has a market capitalization of $812.46 billion, a PE ratio of 22.15, a PEG ratio of 0.66 and a beta of 1.16. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40. The company's 50 day moving average price is $180.15 and its 200 day moving average price is $191.08.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued 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 return on equity of 30.47% and a net margin of 40.51%. Sell-side analysts forecast 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 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 is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 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.