State of Michigan Retirement System Cuts Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

State of Michigan Retirement System decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 148,200 shares of the semiconductor company’s stock after selling 40,700 shares during the period. State of Michigan Retirement System’s holdings in Taiwan Semiconductor Manufacturing were worth $29,268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 5.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,817 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 100 shares in the last quarter. Blue Square Asset Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 43.5% in the 3rd quarter. Blue Square Asset Management LLC now owns 21,465 shares of the semiconductor company’s stock worth $3,728,000 after acquiring an additional 6,511 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 8.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 321,794 shares of the semiconductor company’s stock worth $55,886,000 after acquiring an additional 25,398 shares during the last quarter. Forum Financial Management LP acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $225,000. Finally, KG&L Capital Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 49.1% during the 3rd quarter. KG&L Capital Management LLC now owns 11,128 shares of the semiconductor company’s stock worth $1,933,000 after buying an additional 3,663 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 4.2 %

TSM stock opened at $173.00 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. The stock has a market capitalization of $897.25 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a fifty day moving average of $204.06 and a 200-day moving average of $191.73.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This represents a $2.74 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.11%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TSM shares. Barclays upped their target price 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 reaffirmed a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.