Cambridge Investment Research Advisors Inc. Cuts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cambridge Investment Research Advisors Inc. lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 208,938 shares of the semiconductor company's stock after selling 3,242 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $41,263,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSM. Birch Capital Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 0.4% in the fourth quarter. Birch Capital Management LLC now owns 19,345 shares of the semiconductor company's stock worth $3,820,000 after purchasing an additional 85 shares during the last quarter. Oriental Harbor Investment Fund purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $32,743,000. Private Client Services LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $201,000. Legacy Private Trust Co. increased its stake in Taiwan Semiconductor Manufacturing by 69.1% in the 4th quarter. Legacy Private Trust Co. now owns 2,785 shares of the semiconductor company's stock worth $550,000 after acquiring an additional 1,138 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 9,339 shares of the semiconductor company's stock valued at $1,844,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

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

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $172.36 on Wednesday. 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 Company Limited has a 12 month low of $133.57 and a 12 month high of $226.40. The stock has a market cap of $893.95 billion, a PE ratio of 24.48, a P/E/G ratio of 0.66 and a beta of 1.21. The company has a 50-day moving average price of $165.86 and a 200 day moving average price of $188.09.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The firm had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. Equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing's payout ratio is currently 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.

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