Artisan Partners Limited Partnership Sells 191,592 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Artisan Partners Limited Partnership lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,604,153 shares of the semiconductor company’s stock after selling 191,592 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 1.7% of Artisan Partners Limited Partnership’s investment portfolio, making the stock its 12th biggest holding. Artisan Partners Limited Partnership owned approximately 0.11% of Taiwan Semiconductor Manufacturing worth $1,106,764,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC raised its stake in Taiwan Semiconductor Manufacturing by 153.4% in the third quarter. Larson Financial Group LLC now owns 2,035 shares of the semiconductor company’s stock valued at $353,000 after buying an additional 1,232 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Taiwan Semiconductor Manufacturing by 7.4% during the third quarter. Daiwa Securities Group Inc. now owns 23,148 shares of the semiconductor company’s stock worth $4,021,000 after purchasing an additional 1,600 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $153,000. D.A. Davidson & CO. raised its holdings in Taiwan Semiconductor Manufacturing by 4.6% in the 3rd quarter. D.A. Davidson & CO. now owns 42,971 shares of the semiconductor company’s stock valued at $7,463,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $73,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $173.57 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The business’s 50-day simple moving average is $194.19 and its 200-day simple moving average is $192.49. The firm has a market capitalization of $900.22 billion, a P/E ratio of 24.66, 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.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS 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%. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.58%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

Analysts Set New Price Targets

TSM has been the topic of a number of recent research reports. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock 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.