Stephens Inc. AR Sells 9,043 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Stephens Inc. AR trimmed its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 14.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,645 shares of the semiconductor company's stock after selling 9,043 shares during the quarter. Stephens Inc. AR's holdings in Taiwan Semiconductor Manufacturing were worth $9,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after purchasing an additional 1,892 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 29.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company's stock valued at $369,000 after acquiring an additional 429 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Taiwan Semiconductor Manufacturing by 66.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 23,174 shares of the semiconductor company's stock worth $4,645,000 after acquiring an additional 9,262 shares during the period. Madison Investment Advisors LLC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $4,194,000. Finally, Choate Investment Advisors increased its position in Taiwan Semiconductor Manufacturing by 18.6% during the 4th quarter. Choate Investment Advisors now owns 103,376 shares of the semiconductor company's stock valued at $20,416,000 after purchasing an additional 16,219 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Barclays restated an "overweight" rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and an average price target of $236.25.

Taiwan Semiconductor Manufacturing Stock Down 0.7%

Shares of NYSE TSM traded down $1.67 on Monday, reaching $228.73. 10,660,913 shares of the company's stock traded hands, compared to its average volume of 15,730,066. The business's 50 day simple moving average is $206.45 and its two-hundred day simple moving average is $192.31. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $237.58. The company has a market cap of $1.19 trillion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 1.25 and a beta of 1.29. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22.

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, beating analysts' consensus estimates 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 company had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a $0.6499 dividend. 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 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.