First Hawaiian Bank Reduces Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

First Hawaiian Bank decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 38.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,592 shares of the semiconductor company's stock after selling 4,740 shares during the period. First Hawaiian Bank's holdings in Taiwan Semiconductor Manufacturing were worth $1,260,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McHugh Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $605,000. Guardian Partners Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $9,222,000. Hardman Johnston Global Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 7.6% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock worth $75,329,000 after acquiring an additional 26,847 shares in the last quarter. Avantra Family Wealth Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $483,000. Finally, Generate Investment Management Ltd boosted its position in Taiwan Semiconductor Manufacturing by 90.4% during the fourth quarter. Generate Investment Management Ltd now owns 193,676 shares of the semiconductor company's stock worth $38,249,000 after purchasing an additional 91,977 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Down 1.9%

Shares of TSM traded down $3.79 on Friday, hitting $193.36. 11,983,485 shares of the stock traded hands, compared to its average volume of 15,884,670. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.00 trillion, a P/E ratio of 27.47, a P/E/G ratio of 0.66 and a beta of 1.21. The stock's 50 day moving average is $171.06 and its two-hundred day moving average is $187.43. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $133.57 and a 1 year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued 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 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. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.34%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 27.76%.

Analyst Ratings Changes

Several research firms recently commented on TSM. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Finally, Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $212.00.

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.