Commonwealth Equity Services LLC Sells 6,399 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Commonwealth Equity Services LLC cut its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 235,055 shares of the semiconductor company’s stock after selling 6,399 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $23,722,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. HB Wealth Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.9% during the second quarter. HB Wealth Management LLC now owns 10,674 shares of the semiconductor company’s stock worth $1,077,000 after acquiring an additional 98 shares during the last quarter. GPS Wealth Strategies Group LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 4.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 2,187 shares of the semiconductor company’s stock worth $221,000 after acquiring an additional 99 shares during the last quarter. Bill Few Associates Inc. grew its stake in shares of Taiwan Semiconductor Manufacturing by 2.9% during the second quarter. Bill Few Associates Inc. now owns 3,590 shares of the semiconductor company’s stock worth $362,000 after acquiring an additional 100 shares during the last quarter. Global Trust Asset Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 10.2% during the second quarter. Global Trust Asset Management LLC now owns 1,153 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 107 shares during the last quarter. Finally, First National Bank of Hutchinson grew its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% during the second quarter. First National Bank of Hutchinson now owns 3,397 shares of the semiconductor company’s stock worth $343,000 after acquiring an additional 107 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of research analyst reports. Susquehanna dropped their price target on Taiwan Semiconductor Manufacturing from $135.00 to $130.00 in a research note on Monday, October 9th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Barclays initiated coverage on Taiwan Semiconductor Manufacturing in a research report on Monday, October 23rd. They issued an “overweight” rating and a $105.00 target price on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $115.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 20th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.67.

Taiwan Semiconductor Manufacturing Trading Up 0.4 %

Shares of NYSE:TSM opened at $99.96 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $72.84 and a 12-month high of $110.69. The company has a market capitalization of $518.41 billion, a PE ratio of 17.98, a PEG ratio of 2.77 and a beta of 1.04. The business has a 50 day moving average of $90.37 and a two-hundred day moving average of $94.58. The company has a current ratio of 2.15, a quick ratio of 1.88 and a debt-to-equity ratio of 0.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 19th. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Taiwan Semiconductor Manufacturing had a return on equity of 28.28% and a net margin of 41.42%. The company had revenue of $17.28 billion during the quarter, compared to the consensus estimate of $16.90 billion. During the same period in the previous year, the company posted $1.79 earnings per share. Taiwan Semiconductor Manufacturing’s revenue for the quarter was down 10.1% on a year-over-year basis. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.97 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5415 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, March 18th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 2.17%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 26.44%.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.