American Trust Trims Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

American Trust trimmed its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 6.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 34,038 shares of the semiconductor company's stock after selling 2,495 shares during the period. American Trust's holdings in Taiwan Semiconductor Manufacturing were worth $6,722,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Putney Financial Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $1,614,000. Value Partners Investments Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $161,000. Vermillion Wealth Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $101,000. Forum Financial Management LP increased its stake in Taiwan Semiconductor Manufacturing by 10.1% during the 4th quarter. Forum Financial Management LP now owns 1,425 shares of the semiconductor company's stock worth $281,000 after buying an additional 131 shares during the period. Finally, Baer Investment Advisory LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $170,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 0.7%

NYSE TSM traded down $1.42 on Wednesday, hitting $196.26. 17,473,487 shares of the stock were exchanged, compared to its average volume of 15,863,021. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $133.57 and a fifty-two week high of $226.40. The company has a market cap of $1.02 trillion, a PE ratio of 27.88, a PEG ratio of 0.66 and a beta of 1.21. The company has a 50-day moving average price of $170.10 and a 200-day moving average price of $187.33.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly 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. 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. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 27.76%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TSM shares. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Wall Street Zen 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 reaffirmed a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.