Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 17.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 806 shares of the semiconductor company’s stock after selling 167 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sanders Capital LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.5% during the fourth quarter. Sanders Capital LLC now owns 44,527,327 shares of the semiconductor company’s stock worth $4,630,842,000 after purchasing an additional 1,501,548 shares in the last quarter. Capital World Investors lifted its stake in shares of Taiwan Semiconductor Manufacturing by 11.4% during the fourth quarter. Capital World Investors now owns 41,356,279 shares of the semiconductor company’s stock worth $4,301,178,000 after purchasing an additional 4,240,928 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after purchasing an additional 442,289 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Taiwan Semiconductor Manufacturing by 6.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 28,443,595 shares of the semiconductor company’s stock worth $2,958,134,000 after purchasing an additional 1,649,279 shares in the last quarter. Finally, Morgan Stanley lifted its stake in shares of Taiwan Semiconductor Manufacturing by 11.2% during the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock worth $2,068,583,000 after purchasing an additional 2,400,882 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TSM. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 17th. Sanford C. Bernstein lifted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. Finally, TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $173.60.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

Taiwan Semiconductor Manufacturing stock traded down $1.42 during midday trading on Monday, hitting $172.39. The stock had a trading volume of 10,706,808 shares, compared to its average volume of 15,078,795. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a market cap of $894.09 billion, a P/E ratio of 32.72, a P/E/G ratio of 1.19 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $184.86. The business has a fifty day moving average price of $155.76 and a 200 day moving average price of $135.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.09. The firm had revenue of $18.87 billion during the quarter, compared to analyst estimates of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a $0.4865 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.13%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.76%.

About Taiwan Semiconductor Manufacturing

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.