Sterling Capital Management LLC Cuts Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sterling Capital Management LLC decreased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 16.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 26,996 shares of the semiconductor company’s stock after selling 5,292 shares during the quarter. Sterling Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $5,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Accel Wealth Management increased its stake in Taiwan Semiconductor Manufacturing by 2.5% in the fourth quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company’s stock valued at $402,000 after acquiring an additional 49 shares during the last quarter. Elmwood Wealth Management Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 3.7% during the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock valued at $277,000 after purchasing an additional 50 shares during the last quarter. WP Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% during the 4th quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company’s stock valued at $843,000 after buying an additional 50 shares in the last quarter. Heritage Wealth Advisors lifted its position in Taiwan Semiconductor Manufacturing by 20.0% in the 4th quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company’s stock worth $59,000 after buying an additional 50 shares during the last quarter. Finally, Gilman Hill Asset Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 3.3% in the fourth quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock worth $319,000 after buying an additional 52 shares in 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 opened at $156.84 on Friday. The firm has a market capitalization of $813.44 billion, a P/E ratio of 22.28, a P/E/G ratio of 0.66 and a beta of 1.16. 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 has a fifty day moving average of $179.21 and a 200 day moving average of $190.90. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.75%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.68%.

Analyst Ratings Changes

TSM has been the subject of a number of recent research reports. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

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.