Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC cut its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 73.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 400 shares of the semiconductor company’s stock after selling 1,100 shares during the period. Infrastructure Capital Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $69,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TSM. FMR LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 7.2% in the third quarter. FMR LLC now owns 55,974,769 shares of the semiconductor company’s stock worth $9,721,138,000 after buying an additional 3,783,802 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% in the third quarter. Fisher Asset Management LLC now owns 28,767,106 shares of the semiconductor company’s stock worth $4,995,984,000 after buying an additional 359,854 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% in the third quarter. Van ECK Associates Corp now owns 18,289,993 shares of the semiconductor company’s stock worth $3,176,423,000 after buying an additional 122,828 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 14.1% in the third quarter. WCM Investment Management LLC now owns 9,738,181 shares of the semiconductor company’s stock worth $1,733,104,000 after buying an additional 1,206,359 shares during the last quarter. Finally, PineStone Asset Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 116.3% in the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock worth $1,352,992,000 after buying an additional 4,186,133 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $181.19 on Friday. The business has a 50 day simple moving average of $188.95 and a two-hundred day simple moving average of $174.75. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60. The stock has a market capitalization of $939.73 billion, a P/E ratio of 29.04, a PEG ratio of 0.84 and a beta of 1.12. 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 (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TSM. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays increased their price target on 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, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $214.00.

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.