Tran Capital Management L.P. Reduces Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Tran Capital Management L.P. trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 12.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 188,744 shares of the semiconductor company's stock after selling 25,797 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 4.2% of Tran Capital Management L.P.'s investment portfolio, making the stock its 9th largest holding. Tran Capital Management L.P.'s holdings in Taiwan Semiconductor Manufacturing were worth $31,332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Stonebridge Financial Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $25,000. IMG Wealth Management Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $26,000. Hopwood Financial Services Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $27,000. City Holding Co. boosted its position in Taiwan Semiconductor Manufacturing by 238.0% during the 1st quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after buying an additional 119 shares during the period. Finally, Roxbury Financial LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 16.51% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Needham & Company LLC reissued a "buy" rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Barclays reissued an "overweight" rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Finally, Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $217.00.

Taiwan Semiconductor Manufacturing Stock Down 2.0%

Shares of NYSE TSM traded down $4.20 during trading on Friday, hitting $211.23. 7,696,964 shares of the company traded hands, compared to its average volume of 15,715,113. The firm has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 30.04, a P/E/G ratio of 0.66 and a beta of 1.27. The business's fifty day moving average is $178.83 and its 200 day moving average is $188.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $133.57 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The business had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.23%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.46%.

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.