MFA Wealth Advisors LLC Reduces Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

MFA Wealth Advisors LLC cut its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 3.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,199 shares of the semiconductor company’s stock after selling 90 shares during the quarter. MFA Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. WP Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.2% in the 4th quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company’s stock worth $843,000 after buying an additional 50 shares during the last quarter. Heritage Wealth Advisors raised its stake in Taiwan Semiconductor Manufacturing by 20.0% during the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 50 shares during the period. First Heartland Consultants Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 4.2% in the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 50 shares during the last quarter. Formidable Asset Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company’s stock valued at $317,000 after acquiring an additional 50 shares during the period. Finally, Connecticut Wealth Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company’s stock valued at $1,465,000 after acquiring an additional 55 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

TSM has been the subject of several analyst reports. Barclays reissued an “overweight” rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a “positive” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $218.00.

Taiwan Semiconductor Manufacturing Stock Down 0.8%

TSM stock opened at $213.94 on Wednesday. The firm’s 50-day moving average is $182.84 and its two-hundred day moving average is $189.21. The company has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $226.40. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a yield of 1.22%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 30.59%.

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.