Baird Financial Group Inc. Has $171.39 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Baird Financial Group Inc. lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 7.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 867,833 shares of the semiconductor company's stock after selling 65,970 shares during the period. Baird Financial Group Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $171,388,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Mount Yale Investment Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company's stock worth $7,052,000 after purchasing an additional 1,476 shares in the last quarter. McHugh Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $605,000. OLD National Bancorp IN boosted its stake in Taiwan Semiconductor Manufacturing by 2.1% during the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company's stock worth $22,357,000 after buying an additional 2,368 shares in the last quarter. Guardian Partners Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $9,222,000. Finally, Hardman Johnston Global Advisors LLC lifted its holdings 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 acquiring an additional 26,847 shares during the period. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM traded down $3.00 during trading hours on Monday, reaching $176.28. 14,096,297 shares of the company's stock were exchanged, compared to its average volume of 15,857,369. The firm has a fifty day moving average of $166.05 and a 200-day moving average of $188.20. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $133.57 and a one year high of $226.40. The stock has a market cap of $914.26 billion, a PE ratio of 25.04, a price-to-earnings-growth 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 announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.56%. This is a positive change 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 is presently 27.76%.

Analysts Set New Price Targets

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

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.