Virtu Financial LLC Lowers Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Virtu Financial LLC cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,951 shares of the semiconductor company's stock after selling 1,718 shares during the period. Virtu Financial LLC's holdings in Taiwan Semiconductor Manufacturing were worth $5,322,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Mount Yale Investment Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 4.3% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company's stock valued at $7,052,000 after purchasing an additional 1,476 shares in the last quarter. McHugh Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $605,000. OLD National Bancorp IN raised its holdings in Taiwan Semiconductor Manufacturing by 2.1% in the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company's stock valued at $22,357,000 after acquiring an additional 2,368 shares in the last quarter. Hardman Johnston Global Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 7.6% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock worth $75,329,000 after acquiring an additional 26,847 shares in the last quarter. Finally, Private Client Services LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $201,000. Institutional investors and hedge funds own 16.51% of the company's stock.

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Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM traded up $4.56 on Monday, reaching $181.29. The stock had a trading volume of 11,426,219 shares, compared to its average volume of 15,039,274. 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 stock has a market cap of $940.27 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The business's 50-day moving average price is $195.27 and its 200 day moving average price is $192.45. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, equities 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 declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a $0.6855 dividend. This represents a $2.74 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's payout ratio is 30.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TSM shares. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.