Frazier Financial Advisors LLC Cuts Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Frazier Financial Advisors LLC decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 26.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 428 shares of the semiconductor company’s stock after selling 155 shares during the period. Frazier Financial Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $86,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. D.A. Davidson & CO. boosted its position in Taiwan Semiconductor Manufacturing by 4.6% in the third quarter. D.A. Davidson & CO. now owns 42,971 shares of the semiconductor company’s stock worth $7,463,000 after purchasing an additional 1,900 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $73,000. Cynosure Group LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $241,000. Blueshift Asset Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the third quarter valued at about $206,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Taiwan Semiconductor Manufacturing in the third quarter worth about $35,142,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $168.68 on Friday. The firm’s 50 day moving average is $193.26 and its 200 day moving average is $192.32. The stock has a market capitalization of $874.82 billion, a P/E ratio of 23.96, a PEG ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS 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%. On average, sell-side 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. Stockholders 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 1.63%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TSM shares. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.