Caxton Associates LP Decreases Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Caxton Associates LP reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 65.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,008 shares of the semiconductor company's stock after selling 37,214 shares during the period. Caxton Associates LP's holdings in Taiwan Semiconductor Manufacturing were worth $3,951,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TSM. Stonebridge Financial Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $25,000. IMG Wealth Management Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $26,000. Hopwood Financial Services Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $27,000. Roxbury Financial LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $29,000. Finally, Accredited Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $31,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 3.8 %

Shares of TSM opened at $179.21 on Monday. The company's 50-day simple moving average is $166.42 and its 200-day simple moving average is $188.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $133.57 and a 1 year high of $226.40. The stock has a market capitalization of $929.46 billion, a PE ratio of 25.46, a P/E/G ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating the consensus estimate 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 company had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. 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 paid a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. 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. Taiwan Semiconductor Manufacturing's payout ratio is currently 27.76%.

Analyst Ratings Changes

Several brokerages recently weighed in on TSM. 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. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $212.00.

Taiwan Semiconductor Manufacturing 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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