Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Advisor OS LLC

Advisor OS LLC trimmed its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 32.7% in the fourth quarter, Holdings Channel reports. The fund owned 5,009 shares of the semiconductor company’s stock after selling 2,436 shares during the period. Advisor OS LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $989,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Denali Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 3.5% in the 4th quarter. Denali Advisors LLC now owns 14,764 shares of the semiconductor company’s stock valued at $2,916,000 after buying an additional 496 shares during the last quarter. Lake Street Advisors Group LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 56.1% in the 4th quarter. Lake Street Advisors Group LLC now owns 15,277 shares of the semiconductor company’s stock worth $3,025,000 after acquiring an additional 5,491 shares during the period. Kirtland Hills Capital Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 22.9% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 6,611 shares of the semiconductor company’s stock valued at $1,306,000 after acquiring an additional 1,232 shares in the last quarter. NCP Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 93.8% during the fourth quarter. NCP Inc. now owns 1,550 shares of the semiconductor company’s stock worth $306,000 after acquiring an additional 750 shares during the period. Finally, Todd Asset Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 13.4% during the fourth quarter. Todd Asset Management LLC now owns 199,527 shares of the semiconductor company’s stock worth $39,405,000 after purchasing an additional 23,534 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $189.36 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The stock has a market cap of $982.12 billion, a P/E ratio of 26.90, a P/E/G ratio of 0.66 and a beta of 1.06. The stock’s 50 day simple moving average is $205.36 and its 200 day simple moving average is $191.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating 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, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This represents a $2.74 annualized dividend and a dividend yield of 1.45%. 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 is 31.11%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.