Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Sold by Pinkerton Retirement Specialists LLC

Pinkerton Retirement Specialists LLC lowered its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 19.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 22,313 shares of the semiconductor company's stock after selling 5,275 shares during the quarter. Pinkerton Retirement Specialists LLC's holdings in Taiwan Semiconductor Manufacturing were worth $3,704,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 12.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 32,869 shares of the semiconductor company's stock valued at $5,456,000 after purchasing an additional 3,578 shares in the last quarter. Whittier Trust Co. boosted its position in shares of Taiwan Semiconductor Manufacturing by 2.1% in the first quarter. Whittier Trust Co. now owns 50,596 shares of the semiconductor company's stock worth $8,399,000 after buying an additional 1,017 shares during the period. Hager Investment Management Services LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 18.9% in the first quarter. Hager Investment Management Services LLC now owns 13,507 shares of the semiconductor company's stock valued at $2,242,000 after buying an additional 2,148 shares in the last quarter. Grey Fox Wealth Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 5.2% during the 1st quarter. Grey Fox Wealth Advisors LLC now owns 4,138 shares of the semiconductor company's stock valued at $690,000 after buying an additional 205 shares during the period. Finally, Graybill Wealth Management LTD. purchased a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays reiterated an "overweight" rating and set a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC lifted their price target on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Finally, Susquehanna set a $265.00 target price on Taiwan Semiconductor Manufacturing and gave the company a "positive" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $236.25.

Taiwan Semiconductor Manufacturing Stock Up 3.6%

Shares of NYSE:TSM traded up $8.29 during midday trading on Tuesday, reaching $236.96. The company had a trading volume of 14,238,990 shares, compared to its average volume of 15,247,333. The stock's fifty day moving average price is $207.50 and its 200-day moving average price is $192.50. The stock has a market capitalization of $1.23 trillion, a P/E ratio of 30.46, a PEG ratio of 1.25 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $237.67. 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 announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. The firm had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 31.75%.

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.