Raymond James Financial Services Advisors Inc. Lowers Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Raymond James Financial Services Advisors Inc. lessened its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 398,796 shares of the semiconductor company's stock after selling 12,824 shares during the period. Raymond James Financial Services Advisors Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $54,256,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TSM. Tsfg LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 470.7% during the first quarter. Tsfg LLC now owns 234 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 193 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $33,000. Johnson Financial Group Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $25,000. Sachetta LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth about $29,000. Finally, First Financial Corp IN acquired a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $40,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on TSM. Needham & Company LLC restated a "buy" rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Thursday, April 11th. Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a "positive" rating in a research note on Tuesday, April 2nd. TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, April 18th. Finally, Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, April 19th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Up 1.0 %

Shares of NYSE:TSM traded up $1.35 during trading on Thursday, hitting $136.29. The company's stock had a trading volume of 9,251,381 shares, compared to its average volume of 15,571,852. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $82.44 and a fifty-two week high of $158.40. The stock's 50-day moving average price is $137.88 and its two-hundred day moving average price is $115.91. The company has a market capitalization of $706.86 billion, a PE ratio of 25.96, a PEG ratio of 0.98 and a beta of 1.13.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors 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 1.29%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 32.76%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.