ARGA Investment Management LP Sells 25,476 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

ARGA Investment Management LP trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,625,090 shares of the semiconductor company's stock after selling 25,476 shares during the period. Taiwan Semiconductor Manufacturing makes up about 9.5% of ARGA Investment Management LP's holdings, making the stock its largest holding. ARGA Investment Management LP owned about 0.05% of Taiwan Semiconductor Manufacturing worth $273,009,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $31,000. Creative Financial Designs Inc. ADV raised its stake in shares of Taiwan Semiconductor Manufacturing by 108.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 162 shares in the last quarter. Financial Gravity Asset Management Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 211 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $37,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $42,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Stock Down 2.2 %

Taiwan Semiconductor Manufacturing stock traded down $3.35 during midday trading on Thursday, reaching $152.23. The company's stock had a trading volume of 13,300,341 shares, compared to its average volume of 15,200,642. The business has a 50-day simple moving average of $140.37 and a 200-day simple moving average of $119.85. The company has a market cap of $789.53 billion, a P/E ratio of 29.00, a P/E/G ratio of 1.04 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $158.40. 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 data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.09. The company had revenue of $18.87 billion for the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.25% and a net margin of 38.15%. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.28%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 32.76%.

Taiwan Semiconductor Manufacturing Company 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.