Trillium Asset Management LLC Trims Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Trillium Asset Management LLC lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,235 shares of the semiconductor company’s stock after selling 55,865 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 1.1% of Trillium Asset Management LLC’s portfolio, making the stock its 21st largest position. Trillium Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $42,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the stock. Boston Partners purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $12,949,000. Evoke Wealth LLC increased its stake in Taiwan Semiconductor Manufacturing by 34.7% in the 4th quarter. Evoke Wealth LLC now owns 7,885 shares of the semiconductor company’s stock worth $1,562,000 after buying an additional 2,032 shares during the period. Horizon Investments LLC increased its stake in Taiwan Semiconductor Manufacturing by 39.6% in the 4th quarter. Horizon Investments LLC now owns 24,552 shares of the semiconductor company’s stock worth $4,849,000 after buying an additional 6,962 shares during the period. PDS Planning Inc increased its position in Taiwan Semiconductor Manufacturing by 1.8% during the 4th quarter. PDS Planning Inc now owns 17,642 shares of the semiconductor company’s stock valued at $3,484,000 after purchasing an additional 306 shares during the period. Finally, Leelyn Smith LLC increased its position in Taiwan Semiconductor Manufacturing by 1.2% during the 4th quarter. Leelyn Smith LLC now owns 26,530 shares of the semiconductor company’s stock valued at $5,239,000 after purchasing an additional 324 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 1.8 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $173.09 on Wednesday. The firm’s 50 day moving average price is $197.58 and its 200-day moving average price is $192.08. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. The company has a market cap of $897.70 billion, a P/E ratio of 24.59, a PEG ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data 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%. On average, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.58%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

Wall Street Analyst Weigh In

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