Capital Analysts LLC Trims Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Capital Analysts LLC cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,130 shares of the semiconductor company’s stock after selling 612 shares during the period. Capital Analysts LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,384,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Morse Asset Management Inc raised its holdings in Taiwan Semiconductor Manufacturing by 120.7% in the third quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company’s stock worth $3,074,000 after purchasing an additional 9,683 shares in the last quarter. Advisory Resource Group increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 3rd quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company’s stock worth $1,387,000 after acquiring an additional 107 shares in the last quarter. Virtu Financial LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 242.1% in the 3rd quarter. Virtu Financial LLC now owns 28,669 shares of the semiconductor company’s stock worth $4,979,000 after acquiring an additional 20,289 shares in the last quarter. Chelsea Counsel Co. boosted its stake in Taiwan Semiconductor Manufacturing by 25.0% during the third quarter. Chelsea Counsel Co. now owns 500 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 100 shares in the last quarter. Finally, Tudor Financial Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth about $530,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock opened at $165.28 on Friday. The stock has a market capitalization of $857.21 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The stock’s 50 day simple moving average is $169.09 and its 200 day simple moving average is $189.16. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.21 and a 12-month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The firm had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.66%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.76%.

Analysts Set New Price Targets

Several research firms have recently issued reports on TSM. Barclays reiterated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Susquehanna reaffirmed a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $212.00.

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.