Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Tran Capital Management L.P.

Tran Capital Management L.P. lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 214,541 shares of the semiconductor company’s stock after selling 13,272 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 4.8% of Tran Capital Management L.P.’s portfolio, making the stock its 7th largest position. Tran Capital Management L.P.’s holdings in Taiwan Semiconductor Manufacturing were worth $42,370,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Reston Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth about $25,000. Sugarloaf Wealth Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 77.1% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after buying an additional 81 shares during the period. Archer Investment Corp boosted its position in Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 62 shares during the period. Endeavor Private Wealth Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $40,000. Finally, American Capital Advisory LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth $38,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Barclays upped their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, January 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $221.73 on Friday. The company has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $112.61 and a 52-week high of $226.40. 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 stock has a 50 day moving average price of $201.07 and a 200 day moving average price of $185.75.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (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%. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

Taiwan Semiconductor Manufacturing 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.