Stockman Wealth Management Inc. Sells 877 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Stockman Wealth Management Inc. cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 28.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,250 shares of the semiconductor company’s stock after selling 877 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of TSM. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at $25,000. Reston Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter worth $25,000. Valley Wealth Managers Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth $27,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth $27,000. Finally, NewSquare Capital LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $29,000. 16.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Up 0.0 %

NYSE:TSM traded up $0.01 during mid-day trading on Friday, hitting $201.20. The stock had a trading volume of 13,112,091 shares, compared to its average volume of 16,960,480. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. The stock has a 50-day simple moving average of $183.11 and a two-hundred day simple moving average of $170.32. The company has a market capitalization of $1.04 trillion, a PE ratio of 32.24, a PEG ratio of 0.97 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $91.60 and a twelve month high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.30% and a net margin of 39.10%. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.4871 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

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.