Vaughan Nelson Investment Management L.P. Sells 51,937 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Vaughan Nelson Investment Management L.P. cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 4.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,018,750 shares of the semiconductor company's stock after selling 51,937 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 1.7% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 14th largest holding. Vaughan Nelson Investment Management L.P.'s holdings in Taiwan Semiconductor Manufacturing were worth $169,113,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guardian Partners Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $9,222,000. Hardman Johnston Global Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 7.6% during the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock valued at $75,329,000 after acquiring an additional 26,847 shares during the period. Pinnacle Investment Management Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $26,661,000. Alphinity Investment Management Pty Ltd bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $349,241,000. Finally, North of South Capital LLP increased its stake in shares of Taiwan Semiconductor Manufacturing by 15.8% in the fourth quarter. North of South Capital LLP now owns 516,404 shares of the semiconductor company's stock valued at $101,985,000 after buying an additional 70,362 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TSM. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Barclays reaffirmed an "overweight" rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $217.00.

Taiwan Semiconductor Manufacturing Trading Down 2.0%

TSM stock traded down $4.36 during midday trading on Friday, reaching $211.07. The stock had a trading volume of 10,138,050 shares, compared to its average volume of 15,724,065. The firm has a market cap of $1.09 trillion, a price-to-earnings ratio of 29.98, a PEG ratio of 0.66 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $180.24 and a two-hundred day simple moving average of $188.72.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.23%. Taiwan Semiconductor Manufacturing's dividend payout ratio 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.