Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Sold by Headwater Capital Co Ltd

Headwater Capital Co Ltd cut its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 12.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,000 shares of the semiconductor company's stock after selling 30,000 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 16.4% of Headwater Capital Co Ltd's holdings, making the stock its 2nd largest position. Headwater Capital Co Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $36,520,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSM. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Taiwan Semiconductor Manufacturing by 40.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 450,390 shares of the semiconductor company's stock valued at $74,765,000 after acquiring an additional 130,551 shares during the period. Endeavor Private Wealth Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 541.7% during the 1st quarter. Endeavor Private Wealth Inc. now owns 1,309 shares of the semiconductor company's stock valued at $218,000 after purchasing an additional 1,105 shares during the period. Strategic Family Wealth Counselors L.L.C. increased its position in shares of Taiwan Semiconductor Manufacturing by 3.7% during the 1st quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,390 shares of the semiconductor company's stock valued at $397,000 after purchasing an additional 86 shares during the last quarter. Helium Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 73.0% in the 1st quarter. Helium Advisors LLC now owns 1,816 shares of the semiconductor company's stock worth $301,000 after purchasing an additional 766 shares during the period. Finally, Baker Avenue Asset Management LP boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 106.5% in the first quarter. Baker Avenue Asset Management LP now owns 1,544 shares of the semiconductor company's stock worth $256,000 after buying an additional 25,208 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 4.7%

Shares of NYSE:TSM traded up $10.90 during trading on Thursday, reaching $242.27. 17,663,962 shares of the company were exchanged, compared to its average volume of 12,151,170. The business's fifty day simple moving average is $225.43 and its 200-day simple moving average is $196.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.37 and a quick ratio of 2.15. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $134.25 and a 12-month high of $248.28. The firm has a market capitalization of $1.26 trillion, a PE ratio of 27.63, a P/E/G ratio of 1.12 and a beta of 1.19.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The business had revenue of $30.07 billion for the quarter, compared to the consensus estimate of $28.50 billion. During the same quarter last year, the firm posted $1.48 EPS. The company's revenue for the quarter was up 44.4% on a year-over-year basis. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 28.16%.

Wall Street Analysts Forecast Growth

TSM has been the subject of several recent research reports. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research report on Monday, July 14th. Needham & Company LLC reissued a "buy" rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, July 17th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Barclays reaffirmed 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. 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.33.

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.