Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 30.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 69,055 shares of the semiconductor company's stock after selling 30,624 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $13,646,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Miracle Mile Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 53.8% in the 4th quarter. Miracle Mile Advisors LLC now owns 3,006 shares of the semiconductor company's stock valued at $594,000 after purchasing an additional 1,052 shares in the last quarter. Signal Advisors Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $203,000. Accurate Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 18.2% in the 4th quarter. Accurate Wealth Management LLC now owns 1,417 shares of the semiconductor company's stock valued at $295,000 after purchasing an additional 218 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 8.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 6,049 shares of the semiconductor company's stock valued at $1,195,000 after purchasing an additional 467 shares in the last quarter. Finally, Armstrong Advisory Group Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 5.9% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,654 shares of the semiconductor company's stock valued at $327,000 after purchasing an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Down 0.1%

TSM traded down $0.28 during trading hours on Friday, reaching $193.94. The company's stock had a trading volume of 9,066,591 shares, compared to its average volume of 15,941,658. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $133.57 and a fifty-two week high of $226.40. The stock has a market cap of $1.01 trillion, a PE ratio of 27.55, a P/E/G ratio of 0.66 and a beta of 1.21. The business's 50-day moving average is $167.42 and its 200-day moving average is $187.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating 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 firm had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. As a group, 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 company 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. This represents a $2.60 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 27.76%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TSM. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Barclays reiterated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.