Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Hyperion Capital Advisors LP

Hyperion Capital Advisors LP cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,525 shares of the semiconductor company’s stock after selling 6,063 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 3.3% of Hyperion Capital Advisors LP’s holdings, making the stock its 10th biggest position. Hyperion Capital Advisors LP’s holdings in Taiwan Semiconductor Manufacturing were worth $7,038,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Financial Counselors Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.9% in the 3rd quarter. Financial Counselors Inc. now owns 15,466 shares of the semiconductor company’s stock valued at $2,686,000 after buying an additional 133 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 799.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,899,088 shares of the semiconductor company’s stock valued at $329,815,000 after buying an additional 1,687,886 shares during the period. Noesis Capital Mangement Corp boosted its stake in Taiwan Semiconductor Manufacturing by 10.8% during the 3rd quarter. Noesis Capital Mangement Corp now owns 116,114 shares of the semiconductor company’s stock valued at $20,166,000 after purchasing an additional 11,320 shares during the period. Tybourne Capital Management HK Ltd. boosted its stake in Taiwan Semiconductor Manufacturing by 4.3% during the 3rd quarter. Tybourne Capital Management HK Ltd. now owns 21,028 shares of the semiconductor company’s stock valued at $3,652,000 after purchasing an additional 859 shares during the period. Finally, Fiduciary Trust Co boosted its stake in Taiwan Semiconductor Manufacturing by 63.9% during the 3rd quarter. Fiduciary Trust Co now owns 4,157 shares of the semiconductor company’s stock valued at $722,000 after purchasing an additional 1,621 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Down 1.4 %

NYSE TSM opened at $181.19 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company’s 50 day simple moving average is $188.85 and its 200 day simple moving average is $174.71. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60. The company has a market capitalization of $939.73 billion, a P/E ratio of 29.04, a PEG ratio of 0.85 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued 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 1.21%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 31.57%.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of analyst reports. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $214.00.

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.