Wealth Enhancement Advisory Services LLC Sells 35,341 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Wealth Enhancement Advisory Services LLC lowered its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 205,145 shares of the semiconductor company's stock after selling 35,341 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Taiwan Semiconductor Manufacturing were worth $34,054,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TSM. Tallon Kerry Patrick purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth $228,000. LaFleur & Godfrey LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth $221,000. Brighton Jones LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $2,159,000 after buying an additional 1,892 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $91,830,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $354,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

TSM has been the topic of a number of research reports. Barclays restated an "overweight" rating and issued a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a report on Tuesday. Finally, Needham & Company LLC restated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and a consensus price target of $222.50.

Taiwan Semiconductor Manufacturing Trading Down 1.8%

NYSE:TSM traded down $3.79 during mid-day trading on Friday, hitting $209.71. 16,972,929 shares of the stock traded hands, compared to its average volume of 15,546,721. The stock has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.08 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $226.40. The firm's 50 day moving average is $186.25 and its two-hundred day moving average is $189.51. 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 (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, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. On average, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued 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 1.24%. Taiwan Semiconductor Manufacturing's payout ratio is 30.59%.

Taiwan Semiconductor Manufacturing Company 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.