Taika Capital LP Sells 1,375 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Taika Capital LP lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,905 shares of the semiconductor company’s stock after selling 1,375 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 4.8% of Taika Capital LP’s portfolio, making the stock its 2nd largest position. Taika Capital LP’s holdings in Taiwan Semiconductor Manufacturing were worth $6,301,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds 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 in the fourth quarter valued at approximately $25,000. Roxbury Financial LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $29,000. Archer Investment Corp boosted its position in Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 62 shares during the period. OLD Second National Bank of Aurora grew its stake in shares of Taiwan Semiconductor Manufacturing by 169.8% in the third quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 146 shares in the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 0.4 %

Taiwan Semiconductor Manufacturing stock opened at $176.58 on Monday. The stock has a market cap of $915.80 billion, a PE ratio of 25.08, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock’s fifty day moving average is $202.05 and its two-hundred day moving average is $191.90. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping 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%. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.55%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

Analysts Set New Price Targets

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

Taiwan Semiconductor Manufacturing 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.