E. Ohman J or Asset Management AB Reduces Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

E. Ohman J or Asset Management AB lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 3.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,995 shares of the semiconductor company's stock after selling 2,400 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Taiwan Semiconductor Manufacturing were worth $9,959,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TSM. Foster Group Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 20.7% in the first quarter. Foster Group Inc. now owns 5,494 shares of the semiconductor company's stock valued at $912,000 after acquiring an additional 941 shares in the last quarter. Vest Financial LLC boosted its stake in Taiwan Semiconductor Manufacturing by 53.8% in the first quarter. Vest Financial LLC now owns 16,443 shares of the semiconductor company's stock valued at $2,730,000 after acquiring an additional 5,751 shares in the last quarter. Annex Advisory Services LLC boosted its stake in Taiwan Semiconductor Manufacturing by 9.1% in the first quarter. Annex Advisory Services LLC now owns 58,008 shares of the semiconductor company's stock valued at $9,629,000 after acquiring an additional 4,858 shares in the last quarter. Breakwater Capital Group boosted its stake in Taiwan Semiconductor Manufacturing by 4.5% in the first quarter. Breakwater Capital Group now owns 2,319 shares of the semiconductor company's stock valued at $385,000 after acquiring an additional 99 shares in the last quarter. Finally, Charles Schwab Trust Co boosted its stake in Taiwan Semiconductor Manufacturing by 4.2% in the first quarter. Charles Schwab Trust Co now owns 4,445 shares of the semiconductor company's stock valued at $738,000 after acquiring an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded up $1.76 during mid-day trading on Friday, reaching $205.10. The stock had a trading volume of 8,522,435 shares, compared to its average volume of 15,782,397. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 29.13, a PEG ratio of 0.66 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40. The business has a 50 day simple moving average of $174.27 and a 200 day simple moving average of $187.88.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. On average, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.27%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 30.46%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Barclays reiterated an "overweight" rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $217.00.

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.