Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group decreased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.0% during the 4th quarter, HoldingsChannel reports. The fund owned 6,558,114 shares of the semiconductor company’s stock after selling 812,852 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 1.3% of Schroder Investment Management Group’s investment portfolio, making the stock its 12th largest holding. Schroder Investment Management Group’s holdings in Taiwan Semiconductor Manufacturing were worth $1,314,180,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSM. Allianz SE purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $6,313,000. Intrust Bank NA increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.4% in the fourth quarter. Intrust Bank NA now owns 15,356 shares of the semiconductor company’s stock worth $3,033,000 after buying an additional 504 shares during the last quarter. Hobbs Group Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 8.1% in the fourth quarter. Hobbs Group Advisors LLC now owns 3,042 shares of the semiconductor company’s stock worth $601,000 after buying an additional 227 shares during the last quarter. RiverFront Investment Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $225,000. Finally, Gardner Lewis Asset Management L P boosted its stake in Taiwan Semiconductor Manufacturing by 30.0% during the 4th quarter. Gardner Lewis Asset Management L P now owns 9,878 shares of the semiconductor company’s stock valued at $1,951,000 after acquiring an additional 2,278 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $165.82 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. The company’s 50-day moving average price is $192.35 and its 200 day moving average price is $192.55. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The firm has a market cap of $860.00 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.65%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

Analysts Set New Price Targets

TSM has been the subject of several research analyst reports. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

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.