WorthPointe LLC Reduces Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

WorthPointe LLC decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,550 shares of the semiconductor company’s stock after selling 113 shares during the quarter. WorthPointe LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kingsview Wealth Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 5.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 16,935 shares of the semiconductor company’s stock worth $2,941,000 after acquiring an additional 849 shares in the last quarter. Larson Financial Group LLC grew its stake in Taiwan Semiconductor Manufacturing by 153.4% in the third quarter. Larson Financial Group LLC now owns 2,035 shares of the semiconductor company’s stock worth $353,000 after purchasing an additional 1,232 shares during the period. Centaurus Financial Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 20.1% in the third quarter. Centaurus Financial Inc. now owns 15,449 shares of the semiconductor company’s stock worth $2,683,000 after purchasing an additional 2,590 shares in the last quarter. Summit Trail Advisors LLC lifted its position in Taiwan Semiconductor Manufacturing by 51.9% during the third quarter. Summit Trail Advisors LLC now owns 3,839 shares of the semiconductor company’s stock valued at $669,000 after buying an additional 1,311 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 7.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 23,148 shares of the semiconductor company’s stock valued at $4,021,000 after buying an additional 1,600 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 2.6 %

NYSE:TSM opened at $181.29 on Tuesday. The firm has a 50-day simple moving average of $195.27 and a two-hundred day simple moving average of $192.45. The firm has a market cap of $940.27 billion, a P/E ratio of 25.75, a P/E/G ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. 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 announced its quarterly earnings data 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 net margin of 40.51% and a return on equity of 30.47%. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 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, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.51%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.68%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays lifted their price target on shares of 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 reiterated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com downgraded 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 assigned a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average 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.