Morningstar Investment Services LLC Sells 40,684 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Morningstar Investment Services LLC lessened its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 59.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,663 shares of the semiconductor company's stock after selling 40,684 shares during the period. Taiwan Semiconductor Manufacturing comprises about 0.8% of Morningstar Investment Services LLC's portfolio, making the stock its 28th biggest position. Morningstar Investment Services LLC's holdings in Taiwan Semiconductor Manufacturing were worth $4,592,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Accredited Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $31,000. City Holding Co. raised its stake in shares of Taiwan Semiconductor Manufacturing by 238.0% in the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 119 shares during the last quarter. Glass Jacobson Investment Advisors llc raised its stake in shares of Taiwan Semiconductor Manufacturing by 289.4% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 136 shares during the last quarter. Nemes Rush Group LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1,810.0% in the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 181 shares during the last quarter. Finally, Signature Resources Capital Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 138.8% in the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Barclays reissued an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Susquehanna set a $265.00 price objective on Taiwan Semiconductor Manufacturing and gave the company a "positive" rating in a report on Monday, July 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $258.33.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock traded down $5.20 on Friday, reaching $240.40. The company's stock had a trading volume of 16,235,822 shares, compared to its average volume of 14,994,256. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $248.28. The company has a market capitalization of $1.25 trillion, a P/E ratio of 27.41, a PEG ratio of 1.29 and a beta of 1.29. The stock's 50 day simple moving average is $212.72 and its 200-day simple moving average is $193.73.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 34.53% and a net margin of 42.91%. The company had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. During the same quarter last year, the business posted $1.48 earnings per share. The firm's revenue was up 44.4% compared to the same quarter last year. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.08%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 28.16%.

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.