Moors & Cabot Inc. Sells 2,453 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Moors & Cabot Inc. decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,687 shares of the semiconductor company’s stock after selling 2,453 shares during the period. Moors & Cabot Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Macquarie Group Ltd. lifted its position in shares of Taiwan Semiconductor Manufacturing by 9,912.6% during the 1st quarter. Macquarie Group Ltd. now owns 78,769,354 shares of the semiconductor company’s stock valued at $7,327,125,000 after buying an additional 77,982,655 shares in the last quarter. FMR LLC raised its stake in Taiwan Semiconductor Manufacturing by 50.8% during the 1st quarter. FMR LLC now owns 41,902,774 shares of the semiconductor company’s stock worth $3,897,796,000 after acquiring an additional 14,122,168 shares during the period. Morgan Stanley raised its stake in Taiwan Semiconductor Manufacturing by 27.7% during the 4th quarter. Morgan Stanley now owns 32,513,567 shares of the semiconductor company’s stock worth $2,421,936,000 after acquiring an additional 7,045,899 shares during the period. Fisher Asset Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 17.2% in the second quarter. Fisher Asset Management LLC now owns 29,562,673 shares of the semiconductor company’s stock worth $2,988,346,000 after purchasing an additional 4,333,997 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Taiwan Semiconductor Manufacturing by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 26,560,599 shares of the semiconductor company’s stock worth $2,680,496,000 after purchasing an additional 1,610,499 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock traded down $0.05 during trading on Thursday, hitting $98.75. 1,690,842 shares of the company traded hands, compared to its average volume of 10,972,278. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.15 and a quick ratio of 1.88. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $72.84 and a 1 year high of $110.69. The stock’s 50-day simple moving average is $89.79 and its 200 day simple moving average is $94.16. The company has a market cap of $512.16 billion, a PE ratio of 17.76, a P/E/G ratio of 2.71 and a beta of 1.04.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. Taiwan Semiconductor Manufacturing had a return on equity of 28.42% and a net margin of 41.42%. The company had revenue of $17.28 billion during the quarter, compared to analysts’ expectations of $16.90 billion. During the same quarter in the prior year, the firm posted $1.79 EPS. Taiwan Semiconductor Manufacturing’s quarterly revenue was down 10.1% compared to the same quarter last year. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 4.97 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.5415 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.47. This represents a $2.17 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Monday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is 26.44%.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of analyst reports. Barclays initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 23rd. They set an “overweight” rating and a $105.00 target price on the stock. Susquehanna lowered their price target on Taiwan Semiconductor Manufacturing from $135.00 to $130.00 in a research report on Monday, October 9th. Needham & Company LLC restated a “buy” rating and set a $115.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 20th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $116.67.

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.