Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Fortis Advisors LLC

Fortis Advisors LLC trimmed its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 16.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,500 shares of the semiconductor company’s stock after selling 300 shares during the quarter. Fortis Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $296,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TSM. Reston Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at $25,000. Fairscale Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $32,000. Sugarloaf Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 77.1% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 81 shares during the last quarter. Archer Investment Corp raised its position in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its stake in Taiwan Semiconductor Manufacturing by 108.0% during the second quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 3.3 %

Shares of NYSE:TSM opened at $201.55 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a market cap of $1.05 trillion, a P/E ratio of 32.30, a P/E/G ratio of 0.93 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $100.00 and a 1-year high of $222.20. The firm has a fifty day moving average price of $197.14 and a 200 day moving average price of $183.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 35.10%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSM. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average price target of $214.00.

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.