Rhumbline Advisers Has $60.31 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Rhumbline Advisers trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 11.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 363,328 shares of the semiconductor company's stock after selling 47,486 shares during the period. Rhumbline Advisers' holdings in Taiwan Semiconductor Manufacturing were worth $60,312,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. McHugh Group LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $605,000. Guardian Partners Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $9,222,000. Hardman Johnston Global Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 7.6% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock worth $75,329,000 after buying an additional 26,847 shares during the last quarter. Generate Investment Management Ltd boosted its stake in Taiwan Semiconductor Manufacturing by 90.4% in the fourth quarter. Generate Investment Management Ltd now owns 193,676 shares of the semiconductor company's stock valued at $38,249,000 after buying an additional 91,977 shares in the last quarter. Finally, Pinnacle Investment Management Ltd acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $26,661,000. 16.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday. Needham & Company LLC reissued a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Finally, Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and a consensus target price of $217.00.

Taiwan Semiconductor Manufacturing Trading Up 2.4%

Shares of TSM traded up $4.78 during mid-day trading on Wednesday, reaching $202.39. 13,506,692 shares of the company were exchanged, compared to its average volume of 15,828,321. The business has a 50 day simple moving average of $172.06 and a two-hundred day simple moving average of $187.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock has a market capitalization of $1.05 trillion, a PE ratio of 28.75, a PEG ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $133.57 and a 52 week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is 30.46%.

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.