Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,125 shares of the semiconductor company’s stock after selling 100 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $429,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TSM. Massachusetts Financial Services Co. MA raised its stake in Taiwan Semiconductor Manufacturing by 2.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company’s stock valued at $2,328,426,000 after buying an additional 666,826 shares in the last quarter. Morgan Stanley increased its holdings in shares of Taiwan Semiconductor Manufacturing by 11.2% in the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after acquiring an additional 2,400,882 shares during the last quarter. Van ECK Associates Corp raised its position in shares of 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 worth $1,285,736,000 after acquiring an additional 3,381,514 shares in the last quarter. William Blair Investment Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 3.1% during the third quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company’s stock worth $1,023,240,000 after purchasing an additional 355,609 shares during the last quarter. Finally, Lone Pine Capital LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 21.7% in the third quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company’s stock valued at $677,833,000 after purchasing an additional 1,389,785 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 0.8 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $137.44 on Wednesday. The company’s fifty day moving average is $137.54 and its two-hundred day moving average is $115.63. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $82.44 and a 1 year high of $158.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The company has a market capitalization of $712.82 billion, a P/E ratio of 26.18, a PEG ratio of 0.99 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSM. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Susquehanna lifted their price target on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Finally, Barclays raised 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.