Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Massachusetts Financial Services Co. MA’s 10th Largest Position

Massachusetts Financial Services Co. MA cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,740,344 shares of the semiconductor company’s stock after selling 2,489,441 shares during the period. Taiwan Semiconductor Manufacturing comprises about 1.1% of Massachusetts Financial Services Co. MA’s portfolio, making the stock its 10th biggest position. Massachusetts Financial Services Co. MA owned about 0.34% of Taiwan Semiconductor Manufacturing worth $3,503,541,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TSM. Trexquant Investment LP acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth $7,299,000. May Hill Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $1,119,000. Boston Family Office LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 13.4% during the fourth quarter. Boston Family Office LLC now owns 3,855 shares of the semiconductor company’s stock worth $761,000 after buying an additional 456 shares in the last quarter. Nemes Rush Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1,810.0% during the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the semiconductor company’s stock worth $38,000 after buying an additional 181 shares during the period. Finally, Gibson Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $220,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Barclays increased their price objective 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. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 1.5 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $168.46 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $190.44 and a 200-day simple moving average of $192.64. The stock has a market cap of $873.72 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating 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%. On average, equities 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. Shareholders 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. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.63%. Taiwan Semiconductor Manufacturing’s payout ratio is 30.68%.

About Taiwan Semiconductor Manufacturing

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.