Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,832 shares of the semiconductor company’s stock after selling 582 shares during the period. Taiwan Semiconductor Manufacturing comprises 1.4% of Left Brain Wealth Management LLC’s portfolio, making the stock its 25th largest holding. Left Brain Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 12.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 14,010 shares of the semiconductor company’s stock worth $2,433,000 after buying an additional 1,524 shares in the last quarter. Harbour Investments Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 8.8% in the 3rd quarter. Harbour Investments Inc. now owns 9,394 shares of the semiconductor company’s stock worth $1,631,000 after buying an additional 761 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Taiwan Semiconductor Manufacturing by 371.0% in the 3rd quarter. GSA Capital Partners LLP now owns 8,582 shares of the semiconductor company’s stock worth $1,490,000 after buying an additional 6,760 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 223.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,925 shares of the semiconductor company’s stock worth $682,000 after buying an additional 2,710 shares in the last quarter. Finally, First Heartland Consultants Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $206,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 3.3 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $171.35 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The firm has a market cap of $888.67 billion, a PE ratio of 24.34, a P/E/G ratio of 0.66 and a beta of 1.13. The business’s fifty day moving average is $199.91 and its two-hundred day moving average is $191.68. 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 (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.60%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.68%.

Wall Street Analyst Weigh In

TSM has been the topic of several recent research reports. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.00.

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.