Advisors Asset Management Inc. Lowers Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Advisors Asset Management Inc. reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.6% in the 4th quarter, HoldingsChannel reports. The firm owned 33,070 shares of the semiconductor company’s stock after selling 1,234 shares during the period. Advisors Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $6,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $26,000. Hopwood Financial Services Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $27,000. Roxbury Financial LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $29,000. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $40,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 1.8 %

TSM stock opened at $173.09 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The firm has a market capitalization of $897.70 billion, a PE ratio of 24.59, a P/E/G ratio of 0.66 and a beta of 1.13. The company’s 50 day simple moving average is $197.58 and its 200-day simple moving average is $192.08.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data 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 return on equity of 30.47% and a net margin of 40.51%. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 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, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

Wall Street Analyst Weigh In

TSM has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. 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 Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $220.00.

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.