Dorsey Wright & Associates Lowers Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Dorsey Wright & Associates lowered its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 8.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,351 shares of the semiconductor company's stock after selling 1,089 shares during the quarter. Dorsey Wright & Associates' holdings in Taiwan Semiconductor Manufacturing were worth $1,884,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TSM. Noesis Capital Mangement Corp increased its stake in Taiwan Semiconductor Manufacturing by 0.4% during the 1st quarter. Noesis Capital Mangement Corp now owns 116,618 shares of the semiconductor company's stock valued at $19,359,000 after purchasing an additional 434 shares in the last quarter. Elm3 Financial Group LLC increased its stake in Taiwan Semiconductor Manufacturing by 4.5% during the 1st quarter. Elm3 Financial Group LLC now owns 2,137 shares of the semiconductor company's stock valued at $355,000 after purchasing an additional 93 shares in the last quarter. AE Wealth Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 12.0% during the 1st quarter. AE Wealth Management LLC now owns 10,608 shares of the semiconductor company's stock valued at $1,761,000 after purchasing an additional 1,136 shares in the last quarter. Winthrop Capital Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $395,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co increased its stake in Taiwan Semiconductor Manufacturing by 5.4% during the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 37,741 shares of the semiconductor company's stock valued at $6,265,000 after purchasing an additional 1,921 shares in the last quarter. Institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TSM. Barclays restated an "overweight" rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Finally, Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $258.33.

Taiwan Semiconductor Manufacturing Stock Up 1.6%

TSM traded up $3.95 during mid-day trading on Friday, reaching $245.55. 11,583,376 shares of the stock were exchanged, compared to its average volume of 11,641,382. 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 stock has a market capitalization of $1.27 trillion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 1.16 and a beta of 1.29. The company has a 50 day moving average price of $216.44 and a two-hundred day moving average price of $194.61. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $133.57 and a 1 year high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.34. The company had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.53% and a net margin of 42.91%. The firm's revenue for the quarter was up 44.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 EPS. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 28.16%.

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.