Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,740,344 shares of the semiconductor company’s stock after selling 2,489,441 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 1.1% of Massachusetts Financial Services Co. MA’s holdings, making the stock its 10th biggest position. Massachusetts Financial Services Co. MA’s holdings in Taiwan Semiconductor Manufacturing were worth $3,503,541,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trexquant Investment LP acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $7,299,000. May Hill Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $1,119,000. Boston Family Office LLC increased its stake in Taiwan Semiconductor Manufacturing by 13.4% in the 4th quarter. Boston Family Office LLC now owns 3,855 shares of the semiconductor company’s stock valued at $761,000 after buying an additional 456 shares during the period. Nemes Rush Group LLC raised its position in Taiwan Semiconductor Manufacturing by 1,810.0% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the semiconductor company’s stock worth $38,000 after buying an additional 181 shares during the last quarter. Finally, Gibson Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth $220,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TSM. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $168.46 on Wednesday. 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 market cap of $873.72 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.66 and a beta of 1.13. The company’s 50-day moving average price is $190.44 and its 200 day moving average price is $192.64. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

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.