Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lowered its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,723 shares of the semiconductor company’s stock after selling 1,545 shares during the period. Motley Fool Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $13,141,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TSM. Van ECK Associates Corp grew its holdings in Taiwan Semiconductor Manufacturing by 29.6% during the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock valued at $1,285,736,000 after buying an additional 3,381,514 shares during the last quarter. Morgan Stanley grew its holdings in Taiwan Semiconductor Manufacturing by 11.2% during the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after buying an additional 2,400,882 shares during the last quarter. Lone Pine Capital LLC grew its holdings in Taiwan Semiconductor Manufacturing by 21.7% during the 3rd quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company’s stock valued at $677,833,000 after buying an additional 1,389,785 shares during the last quarter. American Century Companies Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 56.2% during the 3rd quarter. American Century Companies Inc. now owns 3,473,637 shares of the semiconductor company’s stock valued at $301,859,000 after buying an additional 1,250,290 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Taiwan Semiconductor Manufacturing by 44.1% during the 3rd quarter. Northern Trust Corp now owns 3,490,630 shares of the semiconductor company’s stock valued at $303,336,000 after buying an additional 1,068,723 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $1.72 during trading hours on Friday, reaching $138.30. 9,453,393 shares of the company’s stock were exchanged, compared to its average volume of 15,706,765. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $82.16 and a 52-week high of $158.40. The firm has a market capitalization of $717.28 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 0.99 and a beta of 1.15. The company has a fifty day moving average of $137.06 and a 200-day moving average of $114.81. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.76%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TSM. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

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.