Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,930,356 shares of the semiconductor company’s stock after selling 40,882 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 0.7% of Sei Investments Co.’s holdings, making the stock its 16th biggest holding. Sei Investments Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $578,709,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 5.3% during the fourth quarter. American Century Companies Inc. now owns 4,945,236 shares of the semiconductor company’s stock worth $976,635,000 after buying an additional 248,279 shares in the last quarter. Plancorp LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $255,000. Runnymede Capital Advisors Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $197,000. Millstone Evans Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $304,000. Finally, MRP Capital Investments LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 27.0% in the 4th quarter. MRP Capital Investments LLC now owns 470 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

TSM has been the subject of several research analyst reports. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 0.5 %

Taiwan Semiconductor Manufacturing stock opened at $176.58 on Friday. The company has a market capitalization of $915.81 billion, a P/E ratio of 25.08, a P/E/G ratio of 0.66 and a beta of 1.13. The firm’s fifty day simple moving average is $195.68 and its 200-day simple moving average is $191.89. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. 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 (EPS) for the quarter, beating 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%. Sell-side 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 company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.68%.

Taiwan Semiconductor Manufacturing Company 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.