Soros Capital Management LLC Cuts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Soros Capital Management LLC lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 22.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 105,173 shares of the semiconductor company’s stock after selling 31,300 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 4.4% of Soros Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Soros Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $18,265,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Cynosure Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter worth $241,000. Hardy Reed LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.2% in the third quarter. Hardy Reed LLC now owns 4,635 shares of the semiconductor company’s stock worth $805,000 after purchasing an additional 56 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 42.3% in the third quarter. Townsquare Capital LLC now owns 79,557 shares of the semiconductor company’s stock worth $13,817,000 after purchasing an additional 23,654 shares in the last quarter. NCP Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter worth $139,000. Finally, Baldwin Investment Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.2% in the third quarter. Baldwin Investment Management LLC now owns 16,216 shares of the semiconductor company’s stock worth $2,816,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TSM. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 0.7 %

Shares of TSM opened at $183.80 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. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60. The firm’s 50 day moving average is $188.57 and its 200-day moving average is $174.66. The stock has a market capitalization of $953.26 billion, a PE ratio of 29.46, a P/E/G ratio of 0.85 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.19%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

Taiwan Semiconductor Manufacturing Company 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.