Public Employees Retirement Association of Colorado Sells 69,200 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Public Employees Retirement Association of Colorado reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 754,800 shares of the semiconductor company's stock after selling 69,200 shares during the period. Public Employees Retirement Association of Colorado's holdings in Taiwan Semiconductor Manufacturing were worth $149,065,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Fernbridge Capital Management LP acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $25,123,000. Berger Financial Group Inc lifted its stake in Taiwan Semiconductor Manufacturing by 3.0% during the fourth quarter. Berger Financial Group Inc now owns 3,948 shares of the semiconductor company's stock valued at $780,000 after purchasing an additional 116 shares during the last quarter. SCS Capital Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 0.3% during the fourth quarter. SCS Capital Management LLC now owns 57,047 shares of the semiconductor company's stock valued at $11,266,000 after purchasing an additional 151 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.1% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 5,455 shares of the semiconductor company's stock valued at $1,077,000 after purchasing an additional 59 shares during the last quarter. Finally, Two Sigma Securities LLC lifted its stake in Taiwan Semiconductor Manufacturing by 2,968.8% during the fourth quarter. Two Sigma Securities LLC now owns 11,963 shares of the semiconductor company's stock valued at $2,363,000 after purchasing an additional 12,380 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 4.2 %

Shares of TSM traded up $7.08 during mid-day trading on Thursday, hitting $173.77. 14,956,549 shares of the company's stock were exchanged, compared to its average volume of 18,091,729. The firm has a fifty day moving average of $167.00 and a two-hundred day moving average of $188.67. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.22 and a twelve month high of $226.40. The stock has a market cap of $901.24 billion, a price-to-earnings ratio of 24.68, a P/E/G ratio of 0.66 and a beta of 1.16. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The business had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.58%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 27.76%.

Wall Street Analyst Weigh In

TSM has been the subject of several research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Barclays reiterated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $212.00.

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.