Deltec Asset Management LLC Sells 4,700 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Deltec Asset Management LLC decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,267 shares of the semiconductor company's stock after selling 4,700 shares during the period. Taiwan Semiconductor Manufacturing comprises 1.4% of Deltec Asset Management LLC's holdings, making the stock its 19th largest holding. Deltec Asset Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $7,162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. AMF Tjanstepension AB increased its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company's stock valued at $266,300,000 after buying an additional 70,057 shares during the period. GAMMA Investing LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 16.2% during the 3rd quarter. GAMMA Investing LLC now owns 6,332 shares of the semiconductor company's stock valued at $1,100,000 after acquiring an additional 884 shares during the period. Azzad Asset Management Inc. ADV grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.4% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 14,166 shares of the semiconductor company's stock valued at $2,460,000 after buying an additional 63 shares during the period. Fulton Bank N.A. raised its position in shares of Taiwan Semiconductor Manufacturing by 14.4% during the third quarter. Fulton Bank N.A. now owns 5,251 shares of the semiconductor company's stock worth $912,000 after purchasing an additional 660 shares during the period. Finally, Verde Servicos Internacionais S.A. acquired a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $10,860,000. Institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Susquehanna reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded down $4.25 during midday trading on Friday, reaching $206.25. The company's stock had a trading volume of 11,578,920 shares, compared to its average volume of 18,992,380. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a market capitalization of $1.07 trillion, a P/E ratio of 29.30, a PEG ratio of 0.70 and a beta of 1.06. The firm has a 50 day moving average price of $204.71 and a 200-day moving average price of $187.47. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $122.91 and a 12-month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This is an increase from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.06%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 27.27%.

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.