Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Position Decreased by Lansdowne Partners UK LLP

Lansdowne Partners UK LLP trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.0% in the 4th quarter, HoldingsChannel reports. The fund owned 1,662,077 shares of the semiconductor company’s stock after selling 124,703 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 23.8% of Lansdowne Partners UK LLP’s holdings, making the stock its largest holding. Lansdowne Partners UK LLP’s holdings in Taiwan Semiconductor Manufacturing were worth $328,244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 4.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after purchasing an additional 1,476 shares during the period. McHugh Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth $605,000. OLD National Bancorp IN raised its holdings in Taiwan Semiconductor Manufacturing by 2.1% during the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock valued at $22,357,000 after acquiring an additional 2,368 shares during the period. Guardian Partners Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $9,222,000. Finally, Hardman Johnston Global Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 7.6% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock worth $75,329,000 after acquiring an additional 26,847 shares during the period. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSM. Barclays lifted their target price 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. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $156.84 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The business has a 50 day simple moving average of $179.21 and a two-hundred day simple moving average of $190.90. The stock has a market capitalization of $813.44 billion, a PE ratio of 22.28, a P/E/G ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates 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 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.75%. 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 is currently 30.68%.

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.