Dynamic Advisor Solutions LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,002 shares of the semiconductor company’s stock after selling 1,074 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,494,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in TSM. Baystate Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 1,333.3% in the second quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 240 shares during the last quarter. Financial Gravity Asset Management Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 211 shares in the last quarter. MBM Wealth Consultants LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $27,000. Carolinas Wealth Consulting LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 334.8% during the second quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 221 shares during the period. Finally, PCA Investment Advisory Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $29,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing Price Performance
Shares of TSM opened at $136.77 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $81.21 and a fifty-two week high of $158.40. The company has a market capitalization of $709.35 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.03 and a beta of 1.15. The firm has a 50-day simple moving average of $124.63 and a 200-day simple moving average of $105.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last announced its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The firm had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.19 earnings per share for the current year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a $0.4408 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.29%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 33.78%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on TSM. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Tuesday, February 13th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, December 8th. Finally, Needham & Company LLC increased their target price on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.25.
View Our Latest Stock Analysis on TSM
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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.
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