Perpetual Ltd Lowers Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Perpetual Ltd trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 22.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 275,409 shares of the semiconductor company's stock after selling 79,075 shares during the period. Perpetual Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $45,718,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Guardian Partners Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $9,222,000. Pinnacle Investment Management Ltd acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $26,661,000. Alphinity Investment Management Pty Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $349,241,000. Sentry LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at about $222,000. Finally, Polymer Capital Management HK LTD boosted its stake in Taiwan Semiconductor Manufacturing by 47.7% during the 4th quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company's stock valued at $17,082,000 after purchasing an additional 27,938 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on TSM. Needham & Company LLC reissued a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a report on Tuesday, June 17th. Barclays reissued an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and an average price target of $222.50.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded up $4.46 during trading on Friday, reaching $228.47. 13,120,911 shares of the stock traded hands, compared to its average volume of 15,452,754. The company has a 50-day moving average of $191.46 and a 200-day moving average of $190.06. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $133.57 and a 52-week high of $228.85. The stock has a market capitalization of $1.18 trillion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 1.15 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced 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 1.14%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is presently 30.59%.

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.