Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Lone Pine Capital LLC

Lone Pine Capital LLC trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,760,444 shares of the semiconductor company's stock after selling 452,417 shares during the period. Taiwan Semiconductor Manufacturing comprises about 5.5% of Lone Pine Capital LLC's portfolio, making the stock its 4th biggest position. Lone Pine Capital LLC owned 0.07% of Taiwan Semiconductor Manufacturing worth $742,650,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TSM. Mount Yale Investment Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 4.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company's stock worth $7,052,000 after acquiring an additional 1,476 shares during the period. McHugh Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $605,000. OLD National Bancorp IN lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.1% during the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company's stock worth $22,357,000 after purchasing an additional 2,368 shares during the period. Guardian Partners Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $9,222,000. Finally, Hardman Johnston Global Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 7.6% in the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company's stock worth $75,329,000 after acquiring an additional 26,847 shares during the period. Hedge funds and other institutional investors own 16.51% of the company's stock.

Wall Street Analyst Weigh In

TSM has been the subject of several recent analyst reports. StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Needham & Company LLC reissued a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Barclays restated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and an average target price of $212.00.

Taiwan Semiconductor Manufacturing Stock Up 1.3 %

Shares of TSM traded up $2.18 during mid-day trading on Wednesday, reaching $166.66. 9,948,724 shares of the stock traded hands, compared to its average volume of 15,761,579. The stock has a fifty day simple moving average of $167.63 and a 200 day simple moving average of $188.83. 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 firm has a market cap of $864.37 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.21 and a 12-month high of $226.40.

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 (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion for 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%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.65%. Taiwan Semiconductor Manufacturing's payout ratio is 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.