Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Holdings Decreased by Savant Capital LLC

Savant Capital LLC trimmed its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 33.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,548 shares of the semiconductor company’s stock after selling 5,197 shares during the quarter. Savant Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,097,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 26,794,316 shares of the semiconductor company’s stock worth $2,328,426,000 after acquiring an additional 666,826 shares in the last quarter. Morgan Stanley raised its holdings in shares of Taiwan Semiconductor Manufacturing by 11.2% during the third quarter. Morgan Stanley now owns 23,804,180 shares of the semiconductor company’s stock valued at $2,068,583,000 after acquiring an additional 2,400,882 shares during the period. Van ECK Associates Corp boosted its stake in Taiwan Semiconductor Manufacturing by 29.6% in the 3rd quarter. Van ECK Associates Corp now owns 14,795,582 shares of the semiconductor company’s stock worth $1,285,736,000 after purchasing an additional 3,381,514 shares during the period. William Blair Investment Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 3.1% during the 3rd quarter. William Blair Investment Management LLC now owns 11,780,144 shares of the semiconductor company’s stock valued at $1,023,240,000 after purchasing an additional 355,609 shares during the period. Finally, Lone Pine Capital LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 21.7% in the third quarter. Lone Pine Capital LLC now owns 7,800,152 shares of the semiconductor company’s stock worth $677,833,000 after buying an additional 1,389,785 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Finally, Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $141.54 on Friday. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $82.53 and a 1-year high of $158.40. The firm has a fifty day simple moving average of $137.88 and a 200-day simple moving average of $115.91. The stock has a market capitalization of $734.09 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 0.97 and a beta of 1.13.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 33.52%.

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.