Eldred Rock Partners LLC Lowers Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Eldred Rock Partners LLC trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 15.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,474 shares of the semiconductor company's stock after selling 15,376 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 4.4% of Eldred Rock Partners LLC's investment portfolio, making the stock its 7th largest position. Eldred Rock Partners LLC's holdings in Taiwan Semiconductor Manufacturing were worth $14,338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. WP Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.2% in the fourth quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company's stock valued at $843,000 after buying an additional 50 shares during the last quarter. Heritage Wealth Advisors grew its stake in shares of Taiwan Semiconductor Manufacturing by 20.0% in the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock worth $59,000 after acquiring an additional 50 shares during the last quarter. First Heartland Consultants Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 4.2% during the 4th quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock valued at $244,000 after acquiring an additional 50 shares in the last quarter. Formidable Asset Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 3.2% during the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock worth $317,000 after buying an additional 50 shares in the last quarter. Finally, Connecticut Wealth Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 0.7% in the 4th quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock valued at $1,465,000 after buying an additional 55 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 1.5%

NYSE TSM traded up $2.91 during trading hours on Tuesday, hitting $197.75. 9,541,109 shares of the company's stock were exchanged, compared to its average volume of 15,837,489. The business's 50 day moving average is $171.48 and its 200-day moving average is $187.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.57 and a 12-month high of $226.40. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21.

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 the consensus estimate of $834.10 billion. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared 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. 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 1.31%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.46%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TSM. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average 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.