Wellington Management Group LLP Cuts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Wellington Management Group LLP lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 15.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,422,049 shares of the semiconductor company’s stock after selling 837,559 shares during the quarter. Wellington Management Group LLP owned 0.09% of Taiwan Semiconductor Manufacturing worth $767,977,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. PineStone Asset Management Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 116.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock valued at $1,352,992,000 after acquiring an additional 4,186,133 shares during the last quarter. FMR LLC lifted its position in 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. Clearbridge Investments LLC boosted its stake in Taiwan Semiconductor Manufacturing by 669.7% during the second quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company’s stock worth $646,832,000 after buying an additional 3,237,998 shares during the period. 1832 Asset Management L.P. raised its stake in shares of Taiwan Semiconductor Manufacturing by 1,226.7% in the second quarter. 1832 Asset Management L.P. now owns 1,983,830 shares of the semiconductor company’s stock valued at $344,809,000 after acquiring an additional 1,834,298 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 799.2% in the third 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 acquiring an additional 1,687,886 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $202.97 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $97.89 and a fifty-two week high of $212.60. The company has a market capitalization of $1.05 trillion, a PE ratio of 32.53, a P/E/G ratio of 0.93 and a beta of 1.09. The company has a 50 day moving average price of $190.61 and a 200-day moving average price of $176.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a yield of 1.08%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.57%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.