Modera Wealth Management LLC Has $53.87 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Modera Wealth Management LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 272,773 shares of the semiconductor company’s stock after selling 3,339 shares during the quarter. Modera Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $53,870,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TSM. Nisa Investment Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 5.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,817 shares of the semiconductor company’s stock valued at $317,000 after acquiring an additional 100 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth $25,000. Stephens Inc. AR grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.9% during the 3rd quarter. Stephens Inc. AR now owns 65,845 shares of the semiconductor company’s stock worth $11,435,000 after purchasing an additional 1,228 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Taiwan Semiconductor Manufacturing by 3.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,408 shares of the semiconductor company’s stock valued at $418,000 after buying an additional 71 shares in the last quarter. Finally, Roanoke Asset Management Corp NY acquired a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at about $211,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $180.10 on Friday. The company has a fifty day moving average of $204.74 and a 200-day moving average of $191.59. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock has a market capitalization of $934.05 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.11%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

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 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.