Lone Pine Capital LLC Cuts Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lone Pine Capital LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,760,444 shares of the semiconductor company's stock after selling 452,417 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 5.5% of Lone Pine Capital LLC's portfolio, making the stock its 4th largest position. Lone Pine Capital LLC owned 0.07% of Taiwan Semiconductor Manufacturing worth $742,650,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Morse Asset Management Inc raised its position in shares of Taiwan Semiconductor Manufacturing by 120.7% during the third quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company's stock worth $3,074,000 after acquiring an additional 9,683 shares during the last quarter. Advisory Resource Group raised its holdings in Taiwan Semiconductor Manufacturing by 1.4% during the 3rd quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company's stock worth $1,387,000 after purchasing an additional 107 shares during the last quarter. Virtu Financial LLC raised its holdings in Taiwan Semiconductor Manufacturing by 242.1% during the 3rd quarter. Virtu Financial LLC now owns 28,669 shares of the semiconductor company's stock worth $4,979,000 after purchasing an additional 20,289 shares during the last quarter. Chelsea Counsel Co. lifted its position in Taiwan Semiconductor Manufacturing by 25.0% during the 3rd quarter. Chelsea Counsel Co. now owns 500 shares of the semiconductor company's stock valued at $87,000 after purchasing an additional 100 shares during the period. Finally, Tudor Financial Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $530,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 3.5 %

Shares of TSM traded up $6.06 during trading hours on Friday, reaching $178.78. The stock had a trading volume of 15,914,891 shares, compared to its average volume of 18,161,133. The company has a market cap of $927.25 billion, a P/E ratio of 25.40, a P/E/G ratio of 0.66 and a beta of 1.16. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $133.57 and a 52 week 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 firm has a 50-day moving average of $166.62 and a 200 day moving average of $188.54.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.53%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 27.76%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Needham & Company LLC restated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Finally, Barclays reissued a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $212.00.

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.