Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Stake Trimmed by Brown Advisory Inc.

Brown Advisory Inc. reduced its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,644,238 shares of the semiconductor company's stock after selling 76,813 shares during the period. Taiwan Semiconductor Manufacturing makes up about 1.1% of Brown Advisory Inc.'s holdings, making the stock its 21st biggest holding. Brown Advisory Inc. owned approximately 0.09% of Taiwan Semiconductor Manufacturing worth $770,944,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. IMG Wealth Management Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $26,000. Hopwood Financial Services Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $27,000. Accredited Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $31,000. City Holding Co. increased its holdings in Taiwan Semiconductor Manufacturing by 238.0% in the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock valued at $28,000 after buying an additional 119 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc raised its stake in Taiwan Semiconductor Manufacturing by 289.4% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock valued at $36,000 after buying an additional 136 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on TSM. Needham & Company LLC upped their price target on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and set a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a report on Tuesday, June 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $233.75.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded up $0.62 on Friday, hitting $230.38. The company's stock had a trading volume of 8,805,986 shares, compared to its average volume of 15,287,141. The company has a market capitalization of $1.19 trillion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 1.24 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $237.58. The stock's 50-day moving average is $206.45 and its two-hundred day moving average is $192.48.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping 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 analysts' expectations of $834.10 billion. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be given a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.13%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) 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.