Massachusetts Financial Services Co. MA Sells 1,935,645 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Massachusetts Financial Services Co. MA lowered its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,804,699 shares of the semiconductor company's stock after selling 1,935,645 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 0.9% of Massachusetts Financial Services Co. MA's holdings, making the stock its 17th largest holding. Massachusetts Financial Services Co. MA owned about 0.30% of Taiwan Semiconductor Manufacturing worth $2,623,580,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TSM. Brighton Jones LLC increased its holdings in Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after purchasing an additional 1,892 shares during the period. Proficio Capital Partners LLC increased its holdings in Taiwan Semiconductor Manufacturing by 29.8% during the 4th quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company's stock valued at $369,000 after purchasing an additional 429 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in Taiwan Semiconductor Manufacturing by 66.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 23,174 shares of the semiconductor company's stock valued at $4,645,000 after purchasing an additional 9,262 shares during the period. Madison Investment Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $4,194,000. Finally, Choate Investment Advisors grew its holdings in shares of Taiwan Semiconductor Manufacturing by 18.6% during the 4th quarter. Choate Investment Advisors now owns 103,376 shares of the semiconductor company's stock worth $20,416,000 after acquiring an additional 16,219 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TSM shares. Susquehanna set a $265.00 target price on Taiwan Semiconductor Manufacturing and gave the stock a "positive" rating in a report on Monday. Needham & Company LLC reiterated a "buy" rating and set a $270.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Barclays reiterated an "overweight" rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $236.25.

Taiwan Semiconductor Manufacturing Stock Up 4.0%

Shares of TSM traded up $9.41 during mid-day trading on Thursday, reaching $246.97. The company had a trading volume of 18,718,360 shares, compared to its average volume of 15,256,791. 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 firm has a 50-day moving average price of $210.05 and a 200 day moving average price of $193.12. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $248.59. The company has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth 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 EPS for the quarter, topping analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. During the same period in the previous year, the company posted $1.48 EPS. The business's revenue was up 44.4% on a year-over-year basis. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors 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 1.05%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 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.