Premier Fund Managers Ltd Lowers Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Premier Fund Managers Ltd reduced its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 36.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,684 shares of the semiconductor company's stock after selling 22,516 shares during the quarter. Premier Fund Managers Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $6,885,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TSM. Atlantic Edge Private Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth $25,000. Reston Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the third quarter worth about $25,000. Valley Wealth Managers Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth about $27,000. Olistico Wealth LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $27,000. Finally, NewSquare Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $29,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 1.4 %

Taiwan Semiconductor Manufacturing stock traded down $2.61 during mid-day trading on Wednesday, reaching $187.06. The stock had a trading volume of 5,315,729 shares, compared to its average volume of 15,338,130. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $95.25 and a one year high of $212.60. The company has a market capitalization of $970.17 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 0.87 and a beta of 1.12. The company has a 50-day moving average price of $186.82 and a two-hundred day moving average price of $173.13. 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 announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 31.57%.

Analysts Set New Price Targets

TSM has been the topic of several research reports. Susquehanna restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and an average price target 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.