Nomura Asset Management Co. Ltd. Sells 58,509 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Nomura Asset Management Co. Ltd. decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,243 shares of the semiconductor company's stock after selling 58,509 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Taiwan Semiconductor Manufacturing were worth $23,321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fisher Asset Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company's stock valued at $3,232,287,000 after acquiring an additional 442,289 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Taiwan Semiconductor Manufacturing by 6.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company's stock valued at $2,958,134,000 after purchasing an additional 1,649,279 shares during the last quarter. Morgan Stanley boosted its holdings in Taiwan Semiconductor Manufacturing by 11.2% during the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company's stock worth $2,068,583,000 after buying an additional 2,400,882 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 29.6% during the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company's stock worth $1,285,736,000 after buying an additional 3,381,514 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 3.1% during the 3rd quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company's stock worth $1,023,240,000 after buying an additional 355,609 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 1.9 %

Shares of TSM stock traded up $2.91 during trading hours on Friday, hitting $160.00. 11,908,211 shares of the company were exchanged, compared to its average volume of 11,598,357. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $160.78. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $142.03 and a two-hundred day moving average of $123.03. The company has a market capitalization of $829.83 billion, a PE ratio of 30.48, a PEG ratio of 1.15 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.09. The firm had revenue of $18.87 billion during the quarter, compared to analysts' expectations of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.4865 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.22%. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing's dividend payout ratio is 32.76%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, April 19th. TD Cowen boosted their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, April 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, April 11th. Needham & Company LLC reiterated a "buy" rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday. Finally, Susquehanna increased 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $157.00.

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.