Vident Advisory LLC Raises Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Vident Advisory LLC increased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 218.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 283,614 shares of the semiconductor company's stock after buying an additional 194,463 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 1.0% of Vident Advisory LLC's portfolio, making the stock its 13th largest holding. Vident Advisory LLC's holdings in Taiwan Semiconductor Manufacturing were worth $56,012,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSM. Mount Yale Investment Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 4.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company's stock valued at $7,052,000 after acquiring an additional 1,476 shares during the last quarter. McHugh Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $605,000. OLD National Bancorp IN increased its stake in Taiwan Semiconductor Manufacturing by 2.1% in the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company's stock valued at $22,357,000 after acquiring an additional 2,368 shares during the last quarter. Guardian Partners Inc. bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $9,222,000. Finally, Hardman Johnston Global Advisors LLC increased its stake in Taiwan Semiconductor Manufacturing by 7.6% in 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 last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Finally, Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Trading Down 0.1%

Shares of NYSE:TSM traded down $0.21 on Tuesday, reaching $193.29. 7,041,938 shares of the company traded hands, compared to its average volume of 15,909,641. The business's 50-day simple moving average is $168.19 and its 200 day simple moving average is $187.42. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $133.57 and a 52 week high of $226.40. The stock has a market capitalization of $1.00 trillion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS 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. Stockholders of record on Tuesday, September 16th will be given a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.34%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 27.76%.

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.