Cape Investment Advisory Inc. Sells 2,001 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cape Investment Advisory Inc. trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 15.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,743 shares of the semiconductor company’s stock after selling 2,001 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 0.8% of Cape Investment Advisory Inc.’s investment portfolio, making the stock its 24th biggest holding. Cape Investment Advisory Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,122,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Mount Yale Investment Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 4.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock worth $7,052,000 after acquiring an additional 1,476 shares in the last quarter. McHugh Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $605,000. OLD National Bancorp IN boosted its position in shares of Taiwan Semiconductor Manufacturing by 2.1% during the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock worth $22,357,000 after purchasing an additional 2,368 shares in the last quarter. Hardman Johnston Global Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 7.6% in the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock valued at $75,329,000 after buying an additional 26,847 shares during the period. Finally, Private Client Services LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $180.10 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. The stock’s 50-day simple moving average is $204.74 and its 200 day simple moving average is $191.59. 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 stock has a market capitalization of $934.05 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (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%. Research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal 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. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 31.11%.

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.