Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,216 shares of the semiconductor company's stock after selling 5,881 shares during the quarter. United Capital Financial Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $16,237,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Gamco Investors INC. ET AL boosted its stake in shares of Taiwan Semiconductor Manufacturing by 69.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 4,870 shares of the semiconductor company's stock valued at $962,000 after purchasing an additional 2,000 shares during the period. Rossby Financial LCC purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $261,000. LTS One Management LP increased its position in shares of Taiwan Semiconductor Manufacturing by 9.3% during the fourth quarter. LTS One Management LP now owns 117,500 shares of the semiconductor company's stock worth $23,205,000 after acquiring an additional 10,000 shares during the last quarter. Chiron Investment Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 20.5% in the fourth quarter. Chiron Investment Management LLC now owns 57,213 shares of the semiconductor company's stock worth $11,299,000 after acquiring an additional 9,752 shares in the last quarter. Finally, Promethos Capital LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 0.8% in the fourth quarter. Promethos Capital LLC now owns 94,804 shares of the semiconductor company's stock valued at $18,723,000 after purchasing an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TSM. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Susquehanna dropped their target price on shares of Taiwan Semiconductor Manufacturing from $265.00 to $250.00 and set a "positive" rating for the company in a research report on Thursday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock traded up $0.19 on Friday, reaching $151.86. 27,206,037 shares of the company were exchanged, compared to its average volume of 15,766,085. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company's 50-day moving average is $173.73 and its two-hundred day moving average is $190.15. The firm has a market cap of $787.61 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, 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 firm 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 dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.81%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's 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.