C WorldWide Group Holding A S Sells 21,481 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

C WorldWide Group Holding A S cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 740,182 shares of the semiconductor company's stock after selling 21,481 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 1.0% of C WorldWide Group Holding A S's holdings, making the stock its 16th largest position. C WorldWide Group Holding A S's holdings in Taiwan Semiconductor Manufacturing were worth $76,979,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company's stock worth $2,328,426,000 after purchasing an additional 666,826 shares during the period. Morgan Stanley lifted its holdings in Taiwan Semiconductor Manufacturing by 11.2% in the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company's stock valued at $2,068,583,000 after buying an additional 2,400,882 shares during the period. Van ECK Associates Corp lifted its holdings in Taiwan Semiconductor Manufacturing by 29.6% in the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company's stock valued at $1,285,736,000 after buying an additional 3,381,514 shares during the period. William Blair Investment Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 3.1% in the third quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company's stock valued at $1,023,240,000 after buying an additional 355,609 shares during the period. Finally, Lone Pine Capital LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 21.7% in the third quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company's stock valued at $677,833,000 after buying an additional 1,389,785 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 1.3 %

Shares of NYSE:TSM traded up $1.72 during midday trading on Friday, hitting $138.30. 9,453,393 shares of the company's stock were exchanged, compared to its average volume of 15,706,765. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $82.16 and a 12 month high of $158.40. The company has a market cap of $717.28 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 0.97 and a beta of 1.15. The stock has a 50 day moving average price of $137.06 and a 200-day moving average price of $114.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 32.76%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TSM shares. Needham & Company LLC restated a "buy" rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, April 11th. TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, April 18th. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a "positive" rating in a research report on Tuesday, April 2nd. Finally, Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $157.00.

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.