Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Position Reduced by MU Investments Co. Ltd.

MU Investments Co. Ltd. lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,620 shares of the semiconductor company’s stock after selling 300 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 5.0% of MU Investments Co. Ltd.’s holdings, making the stock its 5th largest holding. MU Investments Co. Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $3,987,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of TSM. Panagora Asset Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 287.3% during the 1st quarter. Panagora Asset Management Inc. now owns 15,150 shares of the semiconductor company’s stock valued at $1,409,000 after buying an additional 11,238 shares in the last quarter. Hall Laurie J Trustee purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $36,000. First National Bank of Hutchinson purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $306,000. Deuterium Capital Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $2,875,000. Finally, Point72 Asset Management L.P. raised its position in shares of Taiwan Semiconductor Manufacturing by 202.8% during the 4th quarter. Point72 Asset Management L.P. now owns 1,201,600 shares of the semiconductor company’s stock valued at $89,507,000 after buying an additional 804,768 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 1.0 %

TSM stock traded down $0.91 during mid-day trading on Tuesday, reaching $87.92. The company had a trading volume of 3,802,135 shares, compared to its average volume of 11,378,086. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.42 and a quick ratio of 2.13. The company has a market capitalization of $455.99 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. The firm has a 50 day moving average of $95.65 and a 200 day moving average of $93.99. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $59.43 and a 12 month high of $110.69.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 20th. The semiconductor company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $15.52 billion. Taiwan Semiconductor Manufacturing had a net margin of 43.31% and a return on equity of 32.08%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 4.82 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 15th will be paid a $0.4724 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.89 dividend on an annualized basis and a yield of 2.15%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 24.59%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TSM. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Monday. Needham & Company LLC reduced their price objective on shares of Taiwan Semiconductor Manufacturing from $118.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Finally, Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $128.00 to $135.00 and gave the stock a “positive” rating in a research report on Friday, July 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.33.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.