Ninety One UK Ltd Trims Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ninety One UK Ltd trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,679,425 shares of the semiconductor company's stock after selling 25,651 shares during the period. Taiwan Semiconductor Manufacturing accounts for 1.4% of Ninety One UK Ltd's portfolio, making the stock its 24th largest holding. Ninety One UK Ltd owned 0.05% of Taiwan Semiconductor Manufacturing worth $529,160,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Reston Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at about $25,000. Sugarloaf Wealth Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 77.1% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 81 shares during the period. Archer Investment Corp lifted its holdings in Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 62 shares in the last quarter. Endeavor Private Wealth Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $40,000. Finally, American Capital Advisory LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analysts Set New Price Targets

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

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM traded down $4.25 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 50-day simple moving average of $204.71 and a 200 day simple moving average of $187.47. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market cap of $1.07 trillion, a P/E ratio of 29.30, a PEG ratio of 0.70 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $122.91 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping 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 research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

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.