AustralianSuper Pty Ltd Sells 807,352 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

AustralianSuper Pty Ltd cut its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 57.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 605,348 shares of the semiconductor company's stock after selling 807,352 shares during the quarter. AustralianSuper Pty Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $100,488,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. City Holding Co. grew its holdings in Taiwan Semiconductor Manufacturing by 238.0% during the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after buying an additional 119 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $31,000. Signature Resources Capital Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 138.8% during the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock worth $32,000 after buying an additional 111 shares in the last quarter. Graybill Wealth Management LTD. bought a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $33,000. Finally, Glass Jacobson Investment Advisors llc grew its holdings in Taiwan Semiconductor Manufacturing by 289.4% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock worth $36,000 after buying an additional 136 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Down 2.1%

NYSE:TSM traded down $5.20 during trading hours on Friday, reaching $240.40. 16,235,822 shares of the company traded hands, compared to its average volume of 14,994,256. The business's 50-day moving average price is $212.72 and its two-hundred day moving average price is $193.70. The stock has a market capitalization of $1.25 trillion, a P/E ratio of 27.41, a P/E/G ratio of 1.29 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $133.57 and a 1 year high of $248.28. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 34.53% and a net margin of 42.91%. The company had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. Taiwan Semiconductor Manufacturing's revenue was up 44.4% compared to the same quarter last year. Analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 28.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TSM. Needham & Company LLC reaffirmed a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Barclays reissued an "overweight" rating and set a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Susquehanna set a $265.00 price objective on Taiwan Semiconductor Manufacturing and gave the stock a "positive" rating in a report on Monday, July 14th. Finally, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and a consensus price target of $258.33.

About Taiwan Semiconductor Manufacturing

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.