First Pacific Financial Lowers Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

First Pacific Financial lessened its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,948 shares of the semiconductor company’s stock after selling 189 shares during the quarter. First Pacific Financial’s holdings in Taiwan Semiconductor Manufacturing were worth $977,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 7.2% in the 3rd quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company’s stock valued at $9,721,138,000 after buying an additional 3,783,802 shares during the period. Clearbridge Investments LLC raised its stake in Taiwan Semiconductor Manufacturing by 669.7% during the 2nd quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company’s stock valued at $646,832,000 after acquiring an additional 3,237,998 shares during the last quarter. 1832 Asset Management L.P. lifted its position in Taiwan Semiconductor Manufacturing by 1,226.7% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company’s stock worth $344,809,000 after acquiring an additional 1,834,298 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 purchasing an additional 1,687,886 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $229,098,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 4.0 %

Taiwan Semiconductor Manufacturing stock opened at $215.06 on Friday. The stock has a market cap of $1.12 trillion, a PE ratio of 34.46, a P/E/G ratio of 0.76 and a beta of 1.07. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $197.53 and a 200 day moving average price of $183.96. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $100.00 and a 52 week high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share 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. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.77%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TSM shares. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.00.

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.