Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Stake Lowered by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC lowered its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,300 shares of the semiconductor company's stock after selling 2,250 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $4,864,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after purchasing an additional 1,892 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 15.3% in the fourth quarter. Victory Capital Management Inc. now owns 120,618 shares of the semiconductor company's stock valued at $23,821,000 after buying an additional 15,961 shares during the period. NewSquare Capital LLC boosted its stake in Taiwan Semiconductor Manufacturing by 97.6% during the fourth quarter. NewSquare Capital LLC now owns 326 shares of the semiconductor company's stock valued at $64,000 after buying an additional 161 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in Taiwan Semiconductor Manufacturing by 29.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company's stock worth $369,000 after acquiring an additional 429 shares during the period. Finally, Cullen Frost Bankers Inc. raised its position in Taiwan Semiconductor Manufacturing by 9.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the semiconductor company's stock worth $255,000 after acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 0.8%

Shares of TSM stock traded up $1.89 during trading hours on Friday, reaching $235.49. 7,779,584 shares of the stock traded hands, compared to its average volume of 15,449,890. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $1.22 trillion, a PE ratio of 30.27, a PEG ratio of 1.22 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 $237.58. The business has a fifty day moving average price of $198.99 and a 200 day moving average price of $191.22.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 30.59%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TSM shares. Needham & Company LLC lifted their price objective 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. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays reissued an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research report on Tuesday, June 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $233.75.

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.