Vanguard Group Inc. Reduces Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Vanguard Group Inc. cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 26.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 135,604 shares of the semiconductor company's stock after selling 49,790 shares during the quarter. Vanguard Group Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $26,780,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $25,000. IMG Wealth Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $26,000. Hopwood Financial Services Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $27,000. Roxbury Financial LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $29,000. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $40,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock traded up $0.98 during midday trading on Thursday, hitting $152.65. 22,186,202 shares of the stock traded hands, compared to its average volume of 15,903,159. 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 current ratio of 2.57 and a quick ratio of 2.30. The firm has a market cap of $791.72 billion, a P/E ratio of 21.70, a PEG ratio of 0.66 and a beta of 1.16. The stock's fifty day simple moving average is $175.99 and its 200-day simple moving average is $190.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating 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%. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 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, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.80%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.68%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TSM. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Finally, Susquehanna reduced 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 report on Thursday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and an average target price of $220.00.

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.