Sigma Planning Corp Sells 2,866 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sigma Planning Corp trimmed its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,449 shares of the semiconductor company’s stock after selling 2,866 shares during the quarter. Sigma Planning Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $2,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in TSM. Reston Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $25,000. Stonebridge Financial Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $25,000. Roxbury Financial LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $29,000. Archer Investment Corp boosted its position in Taiwan Semiconductor Manufacturing by 48.1% during the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 62 shares during the last quarter. Finally, American Capital Advisory LLC bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter valued at $38,000. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TSM has been the topic of a number of research analyst reports. Barclays upped their price target on shares of 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 restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

Shares of NYSE:TSM opened at $198.40 on Monday. The business’s 50 day simple moving average is $205.80 and its two-hundred day simple moving average is $191.07. The firm has a market cap of $1.03 trillion, a P/E ratio of 28.18, a PEG ratio of 0.66 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.38%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.11%.

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.