Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,524 shares of the semiconductor company’s stock after selling 508 shares during the period. Transcend Capital Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $366,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 29.6% in the third quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock valued at $1,285,736,000 after purchasing an additional 3,381,514 shares in the last quarter. Morgan Stanley grew its position in shares of Taiwan Semiconductor Manufacturing by 11.2% in the 3rd quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after buying an additional 2,400,882 shares during the last quarter. Lone Pine Capital LLC raised its stake in Taiwan Semiconductor Manufacturing by 21.7% during the 3rd quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company’s stock worth $677,833,000 after acquiring an additional 1,389,785 shares in the last quarter. American Century Companies Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 56.2% in the third quarter. American Century Companies Inc. now owns 3,473,637 shares of the semiconductor company’s stock valued at $301,859,000 after acquiring an additional 1,250,290 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Taiwan Semiconductor Manufacturing by 44.1% in the third quarter. Northern Trust Corp now owns 3,490,630 shares of the semiconductor company’s stock valued at $303,336,000 after acquiring an additional 1,068,723 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TSM has been the subject of several research reports. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Up 0.2 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $138.53 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $82.44 and a one year high of $158.40. The company has a market cap of $718.47 billion, a P/E ratio of 26.39, a PEG ratio of 0.99 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The firm has a fifty day moving average of $137.30 and a two-hundred day moving average of $115.30.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.27%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

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.