Segall Bryant & Hamill LLC Sells 12,954 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Segall Bryant & Hamill LLC decreased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 70,127 shares of the semiconductor company's stock after selling 12,954 shares during the period. Segall Bryant & Hamill LLC's holdings in Taiwan Semiconductor Manufacturing were worth $11,641,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TSM. Price T Rowe Associates Inc. MD grew its position in Taiwan Semiconductor Manufacturing by 67.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock worth $2,047,065,000 after acquiring an additional 4,158,772 shares during the last quarter. FMR LLC grew its position in Taiwan Semiconductor Manufacturing by 4.6% during the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock worth $11,562,498,000 after acquiring an additional 2,572,488 shares during the last quarter. Sarasin & Partners LLP bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth $362,773,000. Franklin Resources Inc. grew its position in Taiwan Semiconductor Manufacturing by 32.3% during the 4th quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company's stock worth $1,678,283,000 after acquiring an additional 2,074,329 shares during the last quarter. Finally, Northern Trust Corp grew its position in Taiwan Semiconductor Manufacturing by 45.2% during the 4th quarter. Northern Trust Corp now owns 6,244,965 shares of the semiconductor company's stock worth $1,233,318,000 after acquiring an additional 1,944,328 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Down 2.1%

Shares of Taiwan Semiconductor Manufacturing stock traded down $5.20 on Friday, hitting $240.40. The company had a trading volume of 16,235,822 shares, compared to its average volume of 15,024,317. The stock has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 1.32 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $133.57 and a 1 year high of $248.28. The stock has a 50 day moving average of $212.72 and a 200-day moving average of $193.73. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 34.53% and a net margin of 42.91%. The company had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. During the same period in the prior year, the company posted $1.48 earnings per share. Taiwan Semiconductor Manufacturing's quarterly revenue was up 44.4% on a year-over-year basis. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 29.65%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Susquehanna set a $265.00 target price on Taiwan Semiconductor Manufacturing and gave the stock a "positive" rating in a report on Monday, July 14th. Barclays reissued an "overweight" rating and issued a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $258.33.

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.