Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by New Century Financial Group LLC

New Century Financial Group LLC reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 61.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,132 shares of the semiconductor company's stock after selling 4,925 shares during the quarter. New Century Financial Group LLC's holdings in Taiwan Semiconductor Manufacturing were worth $520,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Stonebridge Financial Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $25,000. IMG Wealth Management Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $26,000. Hopwood Financial Services Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $27,000. City Holding Co. boosted its holdings in Taiwan Semiconductor Manufacturing by 238.0% in the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after buying an additional 119 shares during the period. Finally, Roxbury Financial LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $29,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 2.0%

TSM stock traded down $4.36 during trading on Friday, reaching $211.07. 10,138,050 shares of the company traded hands, compared to its average volume of 15,724,065. The company has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 0.66 and a beta of 1.27. The business has a 50 day simple moving average of $180.24 and a 200 day simple moving average of $188.72. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $133.57 and a 12 month high of $226.40. 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 (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.23%. Taiwan Semiconductor Manufacturing's payout ratio is presently 30.46%.

Analyst Ratings Changes

Several equities analysts recently weighed in on TSM shares. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Barclays reaffirmed 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, June 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $217.00.

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.