Sigma Planning Corp Sells 1,070 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sigma Planning Corp decreased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 21.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,908 shares of the semiconductor company’s stock after selling 1,070 shares during the period. Sigma Planning Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $406,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Congress Wealth Management LLC DE increased its holdings in shares of Taiwan Semiconductor Manufacturing by 2.2% in the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock worth $2,686,000 after purchasing an additional 671 shares in the last quarter. CapWealth Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 21.1% in the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock worth $12,720,000 after purchasing an additional 21,329 shares in the last quarter. Verus Capital Partners LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 53.6% in the 3rd quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 1,119 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Taiwan Semiconductor Manufacturing by 99.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company’s stock worth $442,000 after buying an additional 2,534 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Taiwan Semiconductor Manufacturing by 23.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,811 shares of the semiconductor company’s stock worth $1,200,000 after buying an additional 2,663 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $138.26 on Friday. The company has a market capitalization of $717.07 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 0.97 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The business’s fifty day moving average is $137.06 and its 200 day moving average is $114.64. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $82.16 and a fifty-two week high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.28%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

Analyst Ratings Changes

TSM has been the topic of a number of research reports. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. TD Cowen raised their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Susquehanna raised their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

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.