Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) is Janney Capital Management LLC's 10th Largest Position

Janney Capital Management LLC reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 13.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,209 shares of the semiconductor company's stock after selling 22,693 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 1.6% of Janney Capital Management LLC's investment portfolio, making the stock its 10th largest position. Janney Capital Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $23,441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its stake in Taiwan Semiconductor Manufacturing by 67.0% in the fourth 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 period. FMR LLC lifted its stake in Taiwan Semiconductor Manufacturing by 4.6% in the fourth 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 period. Sarasin & Partners LLP purchased a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth about $362,773,000. Franklin Resources Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 32.3% in the fourth 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 period. Finally, Northern Trust Corp lifted its stake in Taiwan Semiconductor Manufacturing by 45.2% in the fourth 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 period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $213.49 on Thursday. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $226.40. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. The company has a market capitalization of $1.11 trillion, a PE ratio of 27.44, a P/E/G ratio of 1.11 and a beta of 1.27. The company has a 50-day simple moving average of $183.95 and a two-hundred day simple moving average of $189.38.

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 (EPS) for the quarter, beating 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 firm had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Research analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.22%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.59%.

Wall Street Analyst Weigh In

TSM has been the subject of a number of research reports. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a report on Tuesday. Barclays reiterated an "overweight" rating and issued a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $218.00.

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.

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