Birchcreek Wealth Management LLC Sells 386 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Birchcreek Wealth Management LLC reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 18.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,665 shares of the semiconductor company’s stock after selling 386 shares during the period. Birchcreek Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter worth approximately $25,000. Olistico Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $27,000. Valley Wealth Managers Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $27,000. Finally, NewSquare Capital LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at $29,000. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 0.3 %

Shares of Taiwan Semiconductor Manufacturing stock traded down $0.49 on Friday, reaching $188.01. 1,457,380 shares of the company were exchanged, compared to its average volume of 15,390,560. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. The company has a market cap of $975.10 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. The stock’s 50 day moving average price is $185.20 and its 200-day moving average price is $171.59.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. The company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This is a positive change 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 1.17%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TSM shares. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. TD Cowen increased their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing 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.