Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Position Trimmed by Guardian Capital Advisors LP

Guardian Capital Advisors LP lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,085 shares of the semiconductor company's stock after selling 5,805 shares during the quarter. Guardian Capital Advisors LP's holdings in Taiwan Semiconductor Manufacturing were worth $5,836,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TSM. Farmers & Merchants Investments Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 108.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company's stock worth $32,000 after buying an additional 162 shares during the last quarter. Financial Gravity Asset Management Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company's stock worth $27,000 after buying an additional 211 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $37,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Upgrades and Downgrades

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

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded up $5.52 during trading hours on Tuesday, reaching $151.93. The company had a trading volume of 12,303,553 shares, compared to its average volume of 15,232,720. The stock has a 50-day moving average of $139.69 and a two-hundred day moving average of $118.90. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $83.22 and a one year high of $158.40. The firm has a market capitalization of $787.97 billion, a PE ratio of 28.94, a PEG ratio of 1.06 and a beta of 1.13. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 25.25% and a net margin of 38.15%. The business had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.4865 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.28%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 33.52%.

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.

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