Two Sigma Investments LP Decreases Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Two Sigma Investments LP decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 72.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 305,292 shares of the semiconductor company’s stock after selling 813,972 shares during the quarter. Two Sigma Investments LP’s holdings in Taiwan Semiconductor Manufacturing were worth $60,292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TSM. Stonebridge Financial Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $25,000. IMG Wealth Management Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $27,000. Roxbury Financial LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $29,000. Finally, Accredited Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $193.41 on Tuesday. 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 stock has a market capitalization of $1.00 trillion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The firm’s 50 day moving average price is $167.75 and its 200-day moving average price is $187.38. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.57 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The business had revenue of $25.82 billion during the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.34%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 27.76%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TSM shares. 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. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Susquehanna reaffirmed a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, Barclays reissued a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $212.00.

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.