ARGA Investment Management LP Cuts Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

ARGA Investment Management LP trimmed its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 13.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 675,497 shares of the semiconductor company's stock after selling 102,497 shares during the period. Taiwan Semiconductor Manufacturing comprises about 3.8% of ARGA Investment Management LP's investment portfolio, making the stock its 10th biggest position. ARGA Investment Management LP's holdings in Taiwan Semiconductor Manufacturing were worth $112,133,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Ninety One SA PTY Ltd lifted its position in shares of Taiwan Semiconductor Manufacturing by 239.7% in the first quarter. Ninety One SA PTY Ltd now owns 73,285 shares of the semiconductor company's stock valued at $12,041,000 after acquiring an additional 51,710 shares in the last quarter. Alpha Cubed Investments LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 283.7% in the first quarter. Alpha Cubed Investments LLC now owns 194,028 shares of the semiconductor company's stock valued at $32,209,000 after acquiring an additional 143,457 shares in the last quarter. Davidson Investment Advisors lifted its position in shares of Taiwan Semiconductor Manufacturing by 88.6% in the first quarter. Davidson Investment Advisors now owns 181,032 shares of the semiconductor company's stock valued at $30,051,000 after acquiring an additional 85,038 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 2.3% in the first quarter. Beverly Hills Private Wealth LLC now owns 29,478 shares of the semiconductor company's stock valued at $4,893,000 after acquiring an additional 675 shares in the last quarter. Finally, Interchange Capital Partners LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 17.6% in the first quarter. Interchange Capital Partners LLC now owns 6,514 shares of the semiconductor company's stock valued at $1,081,000 after acquiring an additional 977 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 0.6%

NYSE TSM traded down $1.37 during trading hours on Tuesday, hitting $227.80. 8,838,519 shares of the company were exchanged, compared to its average volume of 15,433,308. The stock has a 50-day moving average price of $201.71 and a 200 day moving average price of $191.64. 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 Company Ltd. has a 52 week low of $133.57 and a 52 week high of $237.58. The stock has a market cap of $1.18 trillion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 1.22 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $834.10 billion. Analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share 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. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.14%. Taiwan Semiconductor Manufacturing's payout ratio is currently 30.59%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TSM shares. Needham & Company LLC boosted 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 reiterated an "overweight" rating and issued a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a research report on Tuesday, June 17th. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $233.75.

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.