Scientech Research LLC Sells 7,569 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Scientech Research LLC lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 58.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,486 shares of the semiconductor company's stock after selling 7,569 shares during the period. Scientech Research LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,083,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TSM. Shay Capital LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $415,000. Skye Global Management LP purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $140,613,000. Silvercrest Asset Management Group LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 81.9% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 134,128 shares of the semiconductor company's stock valued at $26,489,000 after purchasing an additional 60,385 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $49,732,000. Finally, Redwood Financial Network Corp increased its position in shares of Taiwan Semiconductor Manufacturing by 6.1% during the 4th quarter. Redwood Financial Network Corp now owns 1,460 shares of the semiconductor company's stock valued at $288,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded down $0.81 during midday trading on Monday, hitting $193.41. The stock had a trading volume of 10,129,494 shares, compared to its average volume of 15,918,467. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $133.57 and a 52-week high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.00 trillion, a PE ratio of 27.47, a P/E/G ratio of 0.66 and a beta of 1.21. The firm's fifty day moving average is $167.42 and its two-hundred day moving average is $187.38.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.34%. Taiwan Semiconductor Manufacturing's payout ratio is 27.76%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TSM shares. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Needham & Company LLC reissued a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and a consensus target price of $212.00.

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.