Ameriprise Financial Inc. Reduces Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ameriprise Financial Inc. decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,317,267 shares of the semiconductor company's stock after selling 5,672 shares during the quarter. Ameriprise Financial Inc. owned 0.08% of Taiwan Semiconductor Manufacturing worth $851,134,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 13.2% during the third quarter. Franklin Resources Inc. now owns 6,423,734 shares of the semiconductor company's stock worth $1,234,706,000 after purchasing an additional 750,515 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 34.4% during the 4th quarter. GAMMA Investing LLC now owns 8,509 shares of the semiconductor company's stock valued at $1,680,000 after buying an additional 2,177 shares during the last quarter. Silverleafe Capital Partners LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $893,000. Capital Market Strategies LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 8.2% in the 4th quarter. Capital Market Strategies LLC now owns 12,311 shares of the semiconductor company's stock valued at $2,431,000 after buying an additional 935 shares during the period. Finally, Fortem Financial Group LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% in the fourth quarter. Fortem Financial Group LLC now owns 8,985 shares of the semiconductor company's stock worth $1,774,000 after buying an additional 409 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM traded down $3.00 during midday trading on Monday, hitting $176.28. 14,096,297 shares of the company traded hands, compared to its average volume of 15,857,366. The business has a 50 day simple moving average of $166.05 and a two-hundred day simple moving average of $188.20. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $133.57 and a 52-week high of $226.40. The company has a market capitalization of $914.26 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 0.66 and a beta of 1.21. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly 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 firm had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company 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 dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.56%. This is a boost 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%.

Analyst Ratings Changes

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

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.