Suvretta Capital Management LLC Trims Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Suvretta Capital Management LLC trimmed its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 345,912 shares of the semiconductor company’s stock after selling 2,830 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 2.3% of Suvretta Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. Suvretta Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $68,314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TSM. Price T Rowe Associates Inc. MD raised its stake in shares of Taiwan Semiconductor Manufacturing by 67.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company’s stock valued at $2,047,065,000 after acquiring an additional 4,158,772 shares during the period. Jennison Associates LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 72.9% in the 4th quarter. Jennison Associates LLC now owns 6,949,520 shares of the semiconductor company’s stock valued at $1,372,461,000 after acquiring an additional 2,931,209 shares during the period. FMR LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 4.6% in the 4th quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company’s stock valued at $11,562,498,000 after acquiring an additional 2,572,488 shares during the period. Franklin Resources Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 32.3% in the 4th quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company’s stock valued at $1,678,283,000 after acquiring an additional 2,074,329 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Taiwan Semiconductor Manufacturing by 45.2% in the 4th quarter. Northern Trust Corp now owns 6,244,965 shares of the semiconductor company’s stock valued at $1,233,318,000 after acquiring an additional 1,944,328 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 0.1%

NYSE TSM opened at $193.94 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $133.57 and a 52 week high of $226.40. The stock has a market capitalization of $1.01 trillion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The firm has a 50 day moving average of $167.42 and a two-hundred day moving average of $187.45.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TSM. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays restated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Susquehanna restated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.