Credit Capital Investments LLC Reduces Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Credit Capital Investments LLC lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,850 shares of the semiconductor company’s stock after selling 2,050 shares during the period. Taiwan Semiconductor Manufacturing accounts for 15.8% of Credit Capital Investments LLC’s investment portfolio, making the stock its biggest holding. Credit Capital Investments LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $12,215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of TSM. GM Advisory Group LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.6% during the 4th quarter. GM Advisory Group LLC now owns 10,731 shares of the semiconductor company’s stock worth $2,119,000 after acquiring an additional 276 shares during the last quarter. Glynn Capital Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 10.1% during the fourth quarter. Glynn Capital Management LLC now owns 111,333 shares of the semiconductor company’s stock valued at $21,987,000 after buying an additional 10,178 shares during the period. Bestgate Wealth Advisors LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth about $452,000. Stokes Family Office LLC grew its holdings in Taiwan Semiconductor Manufacturing by 7.4% in the fourth quarter. Stokes Family Office LLC now owns 2,757 shares of the semiconductor company’s stock worth $544,000 after purchasing an additional 191 shares during the period. Finally, Andar Capital Management HK Ltd lifted its stake in shares of Taiwan Semiconductor Manufacturing by 90.6% in the fourth quarter. Andar Capital Management HK Ltd now owns 32,400 shares of the semiconductor company’s stock worth $6,399,000 after buying an additional 15,400 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $173.09 on Wednesday. The stock has a market capitalization of $897.70 billion, a P/E ratio of 24.59, a P/E/G ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. The company’s fifty day moving average is $197.58 and its two-hundred day moving average is $192.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.58%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.68%.

Analyst Ratings Changes

A number of research analysts recently weighed in on TSM shares. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

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.