Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Sold by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. decreased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 15.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,838 shares of the semiconductor company's stock after selling 34,520 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 2.0% of Financiere des Professionnels Fonds d investissement inc.'s holdings, making the stock its 10th largest holding. Financiere des Professionnels Fonds d investissement inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $30,351,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Guardian Partners Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $9,222,000. Pinnacle Investment Management Ltd acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $26,661,000. Sentry LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $222,000. Polymer Capital Management HK LTD raised its stake in Taiwan Semiconductor Manufacturing by 47.7% in the 4th quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company's stock valued at $17,082,000 after purchasing an additional 27,938 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Taiwan Semiconductor Manufacturing by 38.3% in the 4th quarter. Bank of Montreal Can now owns 871,742 shares of the semiconductor company's stock valued at $172,160,000 after purchasing an additional 241,414 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on TSM. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. 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. Needham & Company LLC increased their price objective on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Finally, Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research note on Tuesday, June 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and an average target price of $233.75.

Taiwan Semiconductor Manufacturing Trading Up 0.8%

Shares of TSM traded up $1.89 during midday trading on Friday, reaching $235.49. The company had a trading volume of 7,779,584 shares, compared to its average volume of 15,466,264. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $133.57 and a 1-year high of $237.58. The stock has a market cap of $1.22 trillion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 1.22 and a beta of 1.29. The firm has a 50 day simple moving average of $200.39 and a 200-day simple moving average of $191.44. 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 issued its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping 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 business had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. 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 business 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. This represents a $2.60 dividend on an annualized basis and a dividend 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 33.42%.

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.