Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,539,837 shares of the semiconductor company's stock after selling 294,657 shares during the quarter. Ninety One UK Ltd owned 0.07% of Taiwan Semiconductor Manufacturing worth $368,143,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TSM. CapWealth Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company's stock valued at $12,720,000 after acquiring an additional 21,329 shares during the last quarter. HF Advisory Group LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 9.5% during the fourth quarter. HF Advisory Group LLC now owns 9,763 shares of the semiconductor company's stock worth $1,015,000 after purchasing an additional 847 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 723,451 shares of the semiconductor company's stock worth $75,511,000 after purchasing an additional 4,569 shares during the last quarter. Rakuten Securities Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $740,000. Finally, Quantum Private Wealth LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.1% in the 4th quarter. Quantum Private Wealth LLC now owns 9,358 shares of the semiconductor company's stock valued at $973,000 after purchasing an additional 279 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 4.9 %

Taiwan Semiconductor Manufacturing stock traded down $6.78 during trading hours on Thursday, hitting $132.25. The stock had a trading volume of 39,238,378 shares, compared to its average volume of 15,709,738. The stock's 50-day moving average price is $136.64 and its 200-day moving average price is $112.61. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $81.21 and a 12-month high of $158.40. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $685.90 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The company had revenue of $19.62 billion during the quarter, compared to analyst estimates of $18.99 billion. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 33.20%.

Analysts Set New Price Targets

TSM has been the subject of a number of research reports. Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Needham & Company LLC reissued a "buy" rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Susquehanna raised their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a "positive" rating in a research note on Tuesday, April 2nd. StockNews.com raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, April 11th. Finally, TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $155.75.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.