Alight Capital Management LP Sells 10,000 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Alight Capital Management LP lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,000 shares of the semiconductor company's stock after selling 10,000 shares during the period. Taiwan Semiconductor Manufacturing accounts for 2.6% of Alight Capital Management LP's portfolio, making the stock its 13th largest position. Alight Capital Management LP's holdings in Taiwan Semiconductor Manufacturing were worth $7,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Stonebridge Financial Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $25,000. IMG Wealth Management Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $26,000. Hopwood Financial Services Inc. bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $27,000. Roxbury Financial LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $29,000. Finally, Glass Jacobson Investment Advisors llc increased its stake in shares of Taiwan Semiconductor Manufacturing by 289.4% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Barclays reissued a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Up 3.8 %

TSM traded up $6.49 during trading on Friday, hitting $179.21. The company had a trading volume of 21,671,640 shares, compared to its average volume of 15,862,342. 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 company has a market capitalization of $929.46 billion, a PE ratio of 25.46, a PEG ratio of 0.66 and a beta of 1.21. The firm's 50-day moving average price is $166.42 and its 200 day moving average price is $188.49. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $133.57 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The business had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a yield of 1.53%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing's payout ratio is presently 27.76%.

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.