BlackRock Inc. Cuts Position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

BlackRock Inc. decreased its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 12.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,312,722 shares of the semiconductor company’s stock after selling 1,664,742 shares during the period. BlackRock Inc. owned 0.22% of Taiwan Semiconductor Mfg. worth $463,367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TSM. Deprince Race & Zollo Inc. raised its position in Taiwan Semiconductor Mfg. by 12.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 490,482 shares of the semiconductor company’s stock valued at $18,104,000 after purchasing an additional 55,560 shares during the period. Advisors Asset Management Inc. increased its holdings in Taiwan Semiconductor Mfg. by 15.5% during the 4th quarter. Advisors Asset Management Inc. now owns 268,788 shares of the semiconductor company’s stock worth $9,921,000 after purchasing an additional 36,150 shares during the period. Janney Montgomery Scott LLC increased its holdings in Taiwan Semiconductor Mfg. by 4.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 45,281 shares of the semiconductor company’s stock worth $1,671,000 after purchasing an additional 2,062 shares during the period. Buckingham Capital Management Inc. increased its holdings in Taiwan Semiconductor Mfg. by 103.3% during the 4th quarter. Buckingham Capital Management Inc. now owns 91,279 shares of the semiconductor company’s stock worth $3,369,000 after purchasing an additional 46,374 shares during the period. Finally, Financial Gravity Companies Inc. purchased a new position in Taiwan Semiconductor Mfg. during the 4th quarter worth $95,000. Hedge funds and other institutional investors own 19.60% of the company’s stock.

NYSE TSM traded up $2.21 during midday trading on Monday, hitting $41.38. 9,849,734 shares of the company traded hands, compared to its average volume of 8,644,958. The company has a current ratio of 2.62, a quick ratio of 2.33 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $215.38 billion, a P/E ratio of 18.47, a PEG ratio of 3.14 and a beta of 1.03. The firm has a 50-day simple moving average of $39.26. Taiwan Semiconductor Mfg. Co. Ltd. has a 52 week low of $34.22 and a 52 week high of $45.64.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $0.38 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.38. The firm had revenue of $7.10 billion during the quarter. Taiwan Semiconductor Mfg. had a return on equity of 19.91% and a net margin of 32.20%. As a group, research analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 1.97 EPS for the current year.

The firm also recently disclosed an annual dividend, which will be paid on Thursday, July 18th. Stockholders of record on Tuesday, June 25th will be given a $1.2756 dividend. The ex-dividend date is Monday, June 24th. This represents a dividend yield of 2.56%. Taiwan Semiconductor Mfg.’s payout ratio is 45.09%.

Several brokerages have issued reports on TSM. Zacks Investment Research cut Taiwan Semiconductor Mfg. from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. ValuEngine raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Finally, Goldman Sachs Group began coverage on Taiwan Semiconductor Mfg. in a research report on Tuesday, May 7th. They set a “buy” rating and a $50.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $48.00.

About Taiwan Semiconductor Mfg.

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

Featured Story: Consumer Price Index (CPI)

Institutional Ownership by Quarter for Taiwan Semiconductor Mfg. (NYSE:TSM)

Receive News & Ratings for Taiwan Semiconductor Mfg. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taiwan Semiconductor Mfg. and related companies with MarketBeat.com's FREE daily email newsletter.