Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,707 shares of the semiconductor company’s stock after selling 154 shares during the period. Legacy Financial Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,720,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock worth $7,052,000 after buying an additional 1,476 shares during the period. McHugh Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $605,000. OLD National Bancorp IN boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.1% in the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock valued at $22,357,000 after purchasing an additional 2,368 shares during the last quarter. Guardian Partners Inc. bought a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $9,222,000. Finally, Hardman Johnston Global Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 7.6% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock worth $75,329,000 after buying an additional 26,847 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 12.0 %

Shares of NYSE:TSM opened at $158.38 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. The stock’s fifty day moving average price is $181.13 and its 200-day moving average price is $191.29. 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 company has a market cap of $821.41 billion, a P/E ratio of 22.50, a PEG ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 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, July 10th. Investors of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.73%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 30.68%.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent analyst reports. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $220.00.

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.