Harvard Management Co. Inc. Sells 62,200 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Harvard Management Co. Inc. cut its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 11.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 488,790 shares of the semiconductor company's stock after selling 62,200 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 4.9% of Harvard Management Co. Inc.'s investment portfolio, making the stock its 9th biggest holding. Harvard Management Co. Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $84,888,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. HF Advisory Group LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 55.5% in the 3rd quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company's stock valued at $2,389,000 after acquiring an additional 4,907 shares during the last quarter. Impax Asset Management Group plc increased its position in Taiwan Semiconductor Manufacturing by 33.7% during the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company's stock worth $4,588,000 after acquiring an additional 6,664 shares during the period. Advisor Resource Council bought a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $613,000. Callahan Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 67.1% during the third quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company's stock worth $1,452,000 after buying an additional 3,358 shares in the last quarter. Finally, Cetera Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 80.7% during the first quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company's stock worth $10,787,000 after purchasing an additional 35,404 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 1.9 %

Shares of TSM traded up $3.47 on Friday, reaching $184.66. The stock had a trading volume of 8,045,290 shares, compared to its average volume of 15,263,511. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $95.25 and a 12-month high of $212.60. The firm has a market capitalization of $957.72 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 0.84 and a beta of 1.12. The company has a 50-day simple moving average of $189.16 and a 200-day simple moving average of $175.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The firm had revenue of $23.50 billion for the quarter, compared to analysts' expectations of $22.72 billion. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing's payout ratio is 31.09%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com cut Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Sunday, November 17th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and a consensus price target of $214.00.

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.