Wellington Management Group LLP Has $833.56 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Wellington Management Group LLP cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 4.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,220,763 shares of the semiconductor company's stock after selling 201,286 shares during the period. Wellington Management Group LLP owned about 0.08% of Taiwan Semiconductor Manufacturing worth $833,558,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Mount Yale Investment Advisors LLC grew its stake in shares of 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 buying 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 grew its position 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 worth $22,357,000 after acquiring an additional 2,368 shares in the last quarter. Guardian Partners Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $9,222,000. Finally, Hardman Johnston Global Advisors LLC increased its stake in shares of 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 purchasing an additional 26,847 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

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Taiwan Semiconductor Manufacturing Stock Performance

TSM stock traded up $2.46 during mid-day trading on Tuesday, reaching $168.46. 9,155,553 shares of the stock traded hands, compared to its average volume of 15,287,641. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $190.44 and a two-hundred day moving average of $192.64. The firm has a market capitalization of $873.72 billion, a PE ratio of 23.93, a P/E/G ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping 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%. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders 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 dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.68%.

Analyst Ratings Changes

TSM has been the subject of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Company 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.