EDENTREE ASSET MANAGEMENT Ltd Sells 2,530 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

EDENTREE ASSET MANAGEMENT Ltd trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 13.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,620 shares of the semiconductor company's stock after selling 2,530 shares during the quarter. EDENTREE ASSET MANAGEMENT Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $3,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in TSM. Tallon Kerry Patrick bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $228,000. LaFleur & Godfrey LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $221,000. Harbor Investment Advisory LLC boosted its stake in Taiwan Semiconductor Manufacturing by 8.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,596 shares of the semiconductor company's stock worth $513,000 after acquiring an additional 208 shares in the last quarter. Pure Financial Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 73.6% in the fourth quarter. Pure Financial Advisors LLC now owns 2,692 shares of the semiconductor company's stock worth $532,000 after purchasing an additional 1,141 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in Taiwan Semiconductor Manufacturing by 0.6% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 592,060 shares of the semiconductor company's stock valued at $116,926,000 after purchasing an additional 3,765 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

TSM has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Down 2.1%

NYSE TSM traded down $4.03 during trading hours on Monday, hitting $192.16. The company's stock had a trading volume of 9,389,395 shares, compared to its average volume of 15,870,958. The company has a market capitalization of $996.61 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $133.57 and a 52 week high of $226.40. The company's 50-day simple moving average is $169.32 and its two-hundred day simple moving average is $187.32.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The company had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Research 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 disclosed 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 1.35%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is 27.76%.

Taiwan Semiconductor Manufacturing Company 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.