Absolute Gestao de Investimentos Ltda. Decreases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Absolute Gestao de Investimentos Ltda. decreased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 91.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,483 shares of the semiconductor company's stock after selling 67,587 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 0.5% of Absolute Gestao de Investimentos Ltda.'s holdings, making the stock its 21st biggest position. Absolute Gestao de Investimentos Ltda.'s holdings in Taiwan Semiconductor Manufacturing were worth $1,280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TSM. Peapack Gladstone Financial Corp increased its position in shares of Taiwan Semiconductor Manufacturing by 5.5% during the third quarter. Peapack Gladstone Financial Corp now owns 23,353 shares of the semiconductor company's stock worth $4,055,000 after purchasing an additional 1,207 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 13.2% during the third quarter. Franklin Resources Inc. now owns 6,423,734 shares of the semiconductor company's stock worth $1,234,706,000 after buying an additional 750,515 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 34.4% in the fourth 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 last quarter. NRI Wealth Management LC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $1,545,000. Finally, Modus Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 4.2% during the fourth 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 last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Trading Up 3.8 %

NYSE TSM traded up $6.49 during trading hours on Friday, reaching $179.21. The company had a trading volume of 21,671,640 shares, compared to its average volume of 15,862,342. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $929.46 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The stock has a 50-day moving average of $166.42 and a 200 day moving average of $188.37. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $133.57 and a 1-year high of $226.40.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a yield of 1.53%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is 27.76%.

Analysts Set New Price Targets

A number of research firms have weighed in on TSM. Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Barclays reiterated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Needham & Company LLC reissued a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $212.00.

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.