Sequoia Financial Advisors LLC cut its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) by 67.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,144 shares of the semiconductor company's stock after selling 64,468 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $2,320,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Investors Asset Management of Georgia Inc. GA ADV lifted its stake in Taiwan Semiconductor Manufacturing by 121.2% during the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 365 shares of the semiconductor company's stock valued at $25,000 after buying an additional 200 shares in the last quarter. Zeal Asset Management Ltd purchased a new stake in Taiwan Semiconductor Manufacturing during the third quarter valued at about $28,000. McElhenny Sheffield Capital Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $28,000. Lowe Wealth Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the third quarter valued at about $31,000. Finally, CoreCap Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at about $34,000. 16.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, March 16th. They issued a "buy" rating for the company. Needham & Company LLC reissued a "buy" rating and issued a $110.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, March 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.25.

Taiwan Semiconductor Manufacturing Trading Down 1.9 %

NYSE:TSM opened at $92.79 on Friday. The stock's 50 day moving average price is $91.22 and its 200 day moving average price is $80.06. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $59.43 and a 52 week high of $109.75. The company has a market capitalization of $481.22 billion, a P/E ratio of 14.14, a P/E/G ratio of 0.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.94 and a current ratio of 2.17.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last released its quarterly earnings data on Thursday, January 12th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.02. Taiwan Semiconductor Manufacturing had a return on equity of 37.99% and a net margin of 44.81%. The firm had revenue of $19.93 billion for the quarter, compared to the consensus estimate of $20.29 billion. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 5.57 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 13th. Investors of record on Friday, June 16th will be issued a $0.3597 dividend. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $1.44 dividend on an annualized basis and a yield of 1.55%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 21.65%.

Taiwan Semiconductor Manufacturing Company Profile

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Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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