Creative Financial Designs Inc. ADV Cuts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Creative Financial Designs Inc. ADV cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 28.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,734 shares of the semiconductor company’s stock after selling 674 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Taiwan Semiconductor Manufacturing were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. IMG Wealth Management Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $26,000. WealthTrust Asset Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 20.8% during the fourth quarter. WealthTrust Asset Management LLC now owns 4,305 shares of the semiconductor company’s stock worth $850,000 after buying an additional 742 shares during the period. Glenview Trust co boosted its stake in Taiwan Semiconductor Manufacturing by 1.3% during the fourth quarter. Glenview Trust co now owns 7,548 shares of the semiconductor company’s stock worth $1,491,000 after buying an additional 96 shares during the period. Patten & Patten Inc. TN boosted its stake in Taiwan Semiconductor Manufacturing by 18.2% during the fourth quarter. Patten & Patten Inc. TN now owns 1,625 shares of the semiconductor company’s stock worth $321,000 after buying an additional 250 shares during the period. Finally, Harbour Investments Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 9.5% during the fourth quarter. Harbour Investments Inc. now owns 10,287 shares of the semiconductor company’s stock worth $2,032,000 after buying an additional 893 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $173.09 on Wednesday. The firm has a market capitalization of $897.70 billion, a P/E ratio of 24.59, a PEG ratio of 0.66 and a beta of 1.13. 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 company has a 50 day moving average price of $197.58 and a 200 day moving average price of $192.08. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $125.78 and a 52 week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating 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%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. This represents a $2.74 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.