Williams & Novak LLC Lowers Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Williams & Novak LLC lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 16.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,323 shares of the semiconductor company’s stock after selling 258 shares during the period. Williams & Novak LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $261,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Mount Yale Investment Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 4.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after purchasing an additional 1,476 shares during the period. Private Client Services LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at $201,000. YHB Investment Advisors Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 6.9% in the 4th quarter. YHB Investment Advisors Inc. now owns 40,275 shares of the semiconductor company’s stock valued at $7,954,000 after buying an additional 2,604 shares during the period. Trust Co of the South lifted its stake in Taiwan Semiconductor Manufacturing by 232.8% during the 4th quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock worth $1,752,000 after acquiring an additional 6,204 shares in the last quarter. Finally, Matthews International Capital Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 23.3% during the 4th quarter. Matthews International Capital Management LLC now owns 195,243 shares of the semiconductor company’s stock valued at $38,559,000 after acquiring an additional 36,845 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 5.1 %

Shares of NYSE:TSM opened at $202.17 on Wednesday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $112.61 and a fifty-two week high of $226.40. The stock has a market cap of $1.05 trillion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. The firm’s 50 day moving average price is $201.17 and its 200 day moving average price is $185.78.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.09%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 27.27%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Finally, Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $220.00.

About Taiwan Semiconductor Manufacturing

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.