Regent Peak Wealth Advisors LLC Has $820,000 Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Regent Peak Wealth Advisors LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 71.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,153 shares of the semiconductor company’s stock after selling 10,542 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $820,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Norden Group LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 8.4% in the second quarter. Norden Group LLC now owns 1,943 shares of the semiconductor company’s stock worth $338,000 after acquiring an additional 151 shares during the period. Asset Dedication LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 24.7% in the 2nd quarter. Asset Dedication LLC now owns 1,766 shares of the semiconductor company’s stock valued at $307,000 after purchasing an additional 350 shares during the last quarter. Custom Index Systems LLC bought a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $400,000. Certuity LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at $302,000. Finally, Koss Olinger Consulting LLC bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at $530,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 3.3 %

TSM stock traded down $7.30 during midday trading on Tuesday, reaching $212.71. 11,320,673 shares of the company’s stock traded hands, compared to its average volume of 14,079,505. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average price is $195.75 and its 200-day moving average price is $182.34. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $99.98 and a 52 week high of $222.20. The company has a market cap of $1.10 trillion, a price-to-earnings ratio of 34.09, a P/E/G ratio of 0.93 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.03%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 35.10%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $214.00.

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.