Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,532 shares of the semiconductor company's stock after selling 1,789 shares during the period. Ameritas Advisory Services LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,914,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 8.9% in the first quarter. New Wave Wealth Advisors LLC now owns 4,409 shares of the semiconductor company's stock valued at $732,000 after purchasing an additional 359 shares during the period. Albion Financial Group UT grew its stake in shares of Taiwan Semiconductor Manufacturing by 555.6% in the first quarter. Albion Financial Group UT now owns 944 shares of the semiconductor company's stock valued at $157,000 after buying an additional 800 shares in the last quarter. Mmbg Investment Advisors CO. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 24.0% in the 1st quarter. Mmbg Investment Advisors CO. now owns 37,267 shares of the semiconductor company's stock valued at $6,212,000 after buying an additional 7,210 shares during the period. Guerra Advisors Inc lifted its stake in Taiwan Semiconductor Manufacturing by 18.9% during the 1st quarter. Guerra Advisors Inc now owns 3,133 shares of the semiconductor company's stock worth $520,000 after acquiring an additional 499 shares in the last quarter. Finally, Citizens National Bank Trust Department boosted its holdings in Taiwan Semiconductor Manufacturing by 4.3% during the 1st quarter. Citizens National Bank Trust Department now owns 16,173 shares of the semiconductor company's stock valued at $2,685,000 after acquiring an additional 660 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays reiterated an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday. Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a report on Tuesday, June 17th. Finally, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $233.75.

Taiwan Semiconductor Manufacturing Stock Down 0.7%

Shares of TSM traded down $1.60 during midday trading on Tuesday, hitting $224.89. The company had a trading volume of 9,980,329 shares, compared to its average volume of 15,441,550. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $133.57 and a 1 year high of $228.88. The firm has a market capitalization of $1.17 trillion, a P/E ratio of 28.91, a P/E/G ratio of 1.18 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. The company's 50-day simple moving average is $194.57 and its 200-day simple moving average is $190.46.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The firm had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm 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 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 30.59%.

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.