Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,490 shares of the semiconductor company’s stock after selling 400 shares during the quarter. Carret Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TSM. SeaCrest Wealth Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 45.3% during the 1st quarter. SeaCrest Wealth Management LLC now owns 15,237 shares of the semiconductor company’s stock valued at $2,073,000 after purchasing an additional 4,750 shares in the last quarter. Naviter Wealth LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 43.3% in the first quarter. Naviter Wealth LLC now owns 84,646 shares of the semiconductor company’s stock worth $11,562,000 after buying an additional 25,563 shares during the period. Quattro Financial Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 4,707.7% in the first quarter. Quattro Financial Advisors LLC now owns 5,000 shares of the semiconductor company’s stock worth $680,000 after acquiring an additional 4,896 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $207,000. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 16,445.7% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 49,637 shares of the semiconductor company’s stock valued at $6,753,000 after acquiring an additional 49,337 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Sanford C. Bernstein raised their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 17th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.60.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM traded up $6.79 during midday trading on Wednesday, hitting $182.49. The company’s stock had a trading volume of 11,725,245 shares, compared to its average volume of 15,017,646. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $184.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The stock has a market capitalization of $946.47 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 1.19 and a beta of 1.14. The stock’s 50 day simple moving average is $157.45 and its 200 day simple moving average is $136.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.4865 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

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.