Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Holdings Decreased by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,648 shares of the semiconductor company’s stock after selling 8,155 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 3.0% of Shikiar Asset Management Inc.’s holdings, making the stock its 7th largest holding. Shikiar Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $11,187,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Blair William & Co. IL boosted its holdings in Taiwan Semiconductor Manufacturing by 24.2% in the 2nd quarter. Blair William & Co. IL now owns 79,627 shares of the semiconductor company’s stock worth $13,840,000 after acquiring an additional 15,522 shares during the period. Waterloo Capital L.P. grew its stake in shares of Taiwan Semiconductor Manufacturing by 11.2% during the second quarter. Waterloo Capital L.P. now owns 1,810 shares of the semiconductor company’s stock valued at $315,000 after acquiring an additional 182 shares in the last quarter. Glass Jacobson Investment Advisors llc increased its position in shares of Taiwan Semiconductor Manufacturing by 1,410.4% during the second quarter. Glass Jacobson Investment Advisors llc now owns 1,163 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 1,086 shares during the last quarter. Inspire Investing LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 32.3% in the second quarter. Inspire Investing LLC now owns 11,286 shares of the semiconductor company’s stock valued at $1,962,000 after purchasing an additional 2,754 shares during the last quarter. Finally, ProVise Management Group LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 5.3% in the second quarter. ProVise Management Group LLC now owns 1,769 shares of the semiconductor company’s stock valued at $307,000 after purchasing an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Finally, Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 1.5 %

TSM stock opened at $211.52 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 firm’s 50-day simple moving average is $197.81 and its 200 day simple moving average is $184.17. The stock has a market cap of $1.10 trillion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $109.48 and a fifty-two week high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released 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 27.44% and a net margin of 39.10%. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.77%.

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.