Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stake Decreased by Altimeter Capital Management LP

Altimeter Capital Management LP cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 504,380 shares of the semiconductor company's stock after selling 14,910 shares during the period. Taiwan Semiconductor Manufacturing accounts for approximately 1.8% of Altimeter Capital Management LP's holdings, making the stock its 13th biggest holding. Altimeter Capital Management LP's holdings in Taiwan Semiconductor Manufacturing were worth $99,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Peapack Gladstone Financial Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 5.5% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 23,353 shares of the semiconductor company's stock valued at $4,055,000 after acquiring an additional 1,207 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 13.2% in the third quarter. Franklin Resources Inc. now owns 6,423,734 shares of the semiconductor company's stock valued at $1,234,706,000 after buying an additional 750,515 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 34.4% during the 4th quarter. GAMMA Investing LLC now owns 8,509 shares of the semiconductor company's stock valued at $1,680,000 after buying an additional 2,177 shares during the period. NRI Wealth Management LC acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $1,545,000. Finally, Modus Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 4.2% in the 4th quarter. Modus Advisors LLC now owns 3,534 shares of the semiconductor company's stock worth $698,000 after acquiring an additional 144 shares during the period. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Barclays restated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Finally, 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, April 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $212.00.

Taiwan Semiconductor Manufacturing Stock Down 1.7 %

Shares of TSM traded down $3.00 during midday trading on Monday, hitting $176.28. The company had a trading volume of 14,096,297 shares, compared to its average volume of 15,857,366. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company's 50 day moving average price is $166.42 and its 200 day moving average price is $188.37. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $133.57 and a 52 week high of $226.40. The stock has a market cap of $914.26 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 0.66 and a beta of 1.21.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.56%. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 27.76%.

About Taiwan Semiconductor Manufacturing

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.