Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Main Management ETF Advisors LLC

Main Management ETF Advisors LLC reduced its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,208 shares of the semiconductor company's stock after selling 2,176 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 0.2% of Main Management ETF Advisors LLC's investment portfolio, making the stock its 24th largest position. Main Management ETF Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $4,781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSM. Newbrook Capital Advisors LP purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $36,285,000. Nicholas Investment Partners LP lifted its holdings in Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Nicholas Investment Partners LP now owns 22,644 shares of the semiconductor company's stock valued at $4,472,000 after purchasing an additional 714 shares in the last quarter. Noked Israel Ltd lifted its holdings in Taiwan Semiconductor Manufacturing by 1.1% in the 4th quarter. Noked Israel Ltd now owns 467,900 shares of the semiconductor company's stock valued at $92,406,000 after purchasing an additional 5,100 shares in the last quarter. Northeast Financial Consultants Inc boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.0% during the 4th quarter. Northeast Financial Consultants Inc now owns 8,846 shares of the semiconductor company's stock worth $1,747,000 after purchasing an additional 342 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 11.6% during the fourth quarter. Nuveen Asset Management LLC now owns 3,943,461 shares of the semiconductor company's stock worth $778,794,000 after buying an additional 410,249 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TSM shares. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Barclays reissued a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Needham & Company LLC restated a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Susquehanna reiterated a "positive" 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's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $212.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $194.00 on Wednesday. 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 Company Limited has a fifty-two week low of $133.57 and a fifty-two week high of $226.40. The business has a 50 day moving average price of $166.14 and a two-hundred day moving average price of $187.43. The firm has a market cap of $1.01 trillion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio is 27.76%.

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.

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