Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC lowered its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,062,460 shares of the semiconductor company's stock after selling 214,928 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 2.4% of Manning & Napier Advisors LLC's portfolio, making the stock its 8th biggest position. Manning & Napier Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $209,825,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Accel Wealth Management raised its stake in shares of Taiwan Semiconductor Manufacturing by 2.5% during the fourth quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company's stock worth $402,000 after purchasing an additional 49 shares during the last quarter. FWG Holdings LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.6% during the third quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company's stock worth $539,000 after purchasing an additional 50 shares during the last quarter. Elmwood Wealth Management Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% during the fourth quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company's stock worth $277,000 after purchasing an additional 50 shares during the last quarter. Gilman Hill Asset Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company's stock worth $319,000 after purchasing an additional 52 shares during the last quarter. Finally, Traynor Capital Management Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.4% during the fourth quarter. Traynor Capital Management Inc. now owns 1,566 shares of the semiconductor company's stock worth $309,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

TSM has been the subject of several analyst reports. Susquehanna restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Barclays increased their price objective 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, StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock traded up $0.06 during mid-day trading on Wednesday, reaching $202.46. The stock had a trading volume of 15,053,345 shares, compared to its average volume of 20,903,750. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $112.61 and a 12-month high of $226.40. The company has a market cap of $1.05 trillion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. The business has a 50-day simple moving average of $201.42 and a 200 day simple moving average of $185.89. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts' consensus estimates 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, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.08%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 31.11%.

Taiwan Semiconductor Manufacturing 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.