Quaero Capital S.A. Has $2.80 Million Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Quaero Capital S.A. decreased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 19.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,836 shares of the semiconductor company's stock after selling 4,090 shares during the period. Taiwan Semiconductor Manufacturing comprises 4.0% of Quaero Capital S.A.'s portfolio, making the stock its 2nd biggest position. Quaero Capital S.A.'s holdings in Taiwan Semiconductor Manufacturing were worth $2,795,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. IMG Wealth Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $26,000. Hopwood Financial Services Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $27,000. Accredited Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $31,000. City Holding Co. grew its stake in shares of Taiwan Semiconductor Manufacturing by 238.0% during the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 119 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc increased its holdings 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 valued at $36,000 after purchasing an additional 136 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

TSM has been the topic of several research reports. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Barclays reiterated an "overweight" rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research report on Tuesday, June 17th. Finally, Needham & Company LLC restated a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and an average price target of $222.50.

Taiwan Semiconductor Manufacturing Trading Up 2.0%

Shares of Taiwan Semiconductor Manufacturing stock traded up $4.46 during trading on Friday, hitting $228.47. 13,120,911 shares of the company were exchanged, compared to its average volume of 15,452,755. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. The firm 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 firm's fifty day moving average price is $191.46 and its 200 day moving average price is $190.06. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $133.57 and a 1-year high of $228.85.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share 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 for the quarter, compared to analyst estimates of $834.10 billion. As a group, sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.14%. Taiwan Semiconductor Manufacturing's payout ratio is 30.59%.

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.