Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Position Reduced by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 1.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,113,193 shares of the semiconductor company's stock after selling 10,983 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $193,328,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. BOKF NA grew its holdings in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company's stock worth $249,000 after purchasing an additional 81 shares during the period. HF Advisory Group LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 55.5% during the third quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company's stock worth $2,389,000 after buying an additional 4,907 shares in the last quarter. Impax Asset Management Group plc raised its holdings in shares of Taiwan Semiconductor Manufacturing by 33.7% in the 3rd quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company's stock valued at $4,588,000 after purchasing an additional 6,664 shares in the last quarter. Advisor Resource Council purchased a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $613,000. Finally, Callahan Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 67.1% in the third quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company's stock valued at $1,452,000 after purchasing an additional 3,358 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Down 0.7 %

TSM stock traded down $1.26 during midday trading on Wednesday, hitting $188.41. The stock had a trading volume of 10,600,908 shares, compared to its average volume of 15,361,500. The company's 50-day moving average price is $187.19 and its 200 day moving average price is $173.23. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $95.25 and a 12-month high of $212.60. The firm has a market cap of $977.17 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business 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 dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's payout ratio is currently 31.57%.

Analyst Ratings Changes

TSM has been the topic of a number of research reports. Barclays raised 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. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Sunday. Needham & Company LLC reissued a "buy" rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Finally, Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and a consensus target price of $214.00.

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.