Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Wafra Inc.

Wafra Inc. lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 27.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,802 shares of the semiconductor company's stock after selling 10,547 shares during the quarter. Wafra Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $2,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV increased 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 worth $32,000 after buying an additional 162 shares during the period. Financial Gravity Asset Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company's stock valued at $27,000 after buying an additional 211 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $37,000. Finally, First Command Advisory Services Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth $42,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 0.4 %

Shares of NYSE TSM traded down $0.55 on Friday, reaching $151.68. 7,711,247 shares of the company's stock traded hands, compared to its average volume of 13,287,695. The company has a quick ratio of 2.06, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. The company has a market cap of $786.67 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 1.09 and a beta of 1.13. The business's 50 day simple moving average is $140.47 and its two-hundred day simple moving average is $120.30. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $158.40.

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 for the quarter, beating the consensus estimate of $1.29 by $0.09. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Analysts Set New Price Targets

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