Paragon Advisors LLC Sells 55 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Paragon Advisors LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,781 shares of the semiconductor company’s stock after selling 55 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 2.3% of Paragon Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Paragon Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $7,082,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BOKF NA raised its position in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock worth $249,000 after buying an additional 81 shares in the last quarter. HF Advisory Group LLC raised its position in Taiwan Semiconductor Manufacturing by 55.5% during the third quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock valued at $2,389,000 after buying an additional 4,907 shares during the period. Impax Asset Management Group plc lifted its position in shares of Taiwan Semiconductor Manufacturing by 33.7% in the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock worth $4,588,000 after purchasing an additional 6,664 shares in the last quarter. Advisor Resource Council acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $613,000. Finally, Callahan Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 67.1% during the third quarter. Callahan Advisors LLC now owns 8,360 shares of the semiconductor company’s stock valued at $1,452,000 after purchasing an additional 3,358 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TSM has been the subject of several recent research reports. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Barclays boosted 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $186.01 on Friday. The company has a market capitalization of $964.72 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 0.89 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $95.25 and a 52 week high of $212.60. The company has a 50-day simple moving average of $185.79 and a 200 day simple moving average of $171.92.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.20. The business 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, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a yield of 1.18%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

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.