Sigma Planning Corp Boosts Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Sigma Planning Corp boosted its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 38.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,491 shares of the semiconductor company's stock after purchasing an additional 4,042 shares during the period. Sigma Planning Corp's holdings in Taiwan Semiconductor Manufacturing were worth $2,406,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TSM. Price T Rowe Associates Inc. MD lifted its holdings in Taiwan Semiconductor Manufacturing by 67.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company's stock valued at $2,047,065,000 after purchasing an additional 4,158,772 shares in the last quarter. FMR LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.6% in the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company's stock worth $11,562,498,000 after purchasing an additional 2,572,488 shares during the period. Sarasin & Partners LLP purchased a new position in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $362,773,000. Franklin Resources Inc. increased its stake in Taiwan Semiconductor Manufacturing by 32.3% in the 4th quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company's stock worth $1,678,283,000 after buying an additional 2,074,329 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 45.2% in the 4th quarter. Northern Trust Corp now owns 6,244,965 shares of the semiconductor company's stock worth $1,233,318,000 after buying an additional 1,944,328 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock traded up $9.62 during trading hours on Thursday, reaching $247.18. The stock had a trading volume of 21,766,433 shares, compared to its average volume of 15,268,411. The stock's 50 day moving average is $210.05 and its 200 day moving average is $193.12. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $133.57 and a twelve month high of $248.59. The firm has a market capitalization of $1.28 trillion, a PE ratio of 31.81, a PEG ratio of 1.28 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. During the same period last year, the firm posted $1.48 EPS. Taiwan Semiconductor Manufacturing's quarterly revenue was up 44.4% on a year-over-year basis. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors 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 dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 31.75%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. 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. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Barclays reiterated an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Susquehanna set a $265.00 price target on Taiwan Semiconductor Manufacturing and gave the company a "positive" rating in a research note on Monday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $236.25.

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.