Motco Cuts Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Motco lowered its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,337 shares of the semiconductor company’s stock after selling 770 shares during the quarter. Motco’s holdings in Taiwan Semiconductor Manufacturing were worth $1,251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $25,000. Reston Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $25,000. Roxbury Financial LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $29,000. Archer Investment Corp grew its position in shares of Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 62 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth $40,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TSM. StockNews.com downgraded shares of 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 report on Tuesday, February 18th. Finally, Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $181.64 on Friday. The firm has a market cap of $942.03 billion, a P/E ratio of 25.80, a P/E/G ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. The business’s 50-day moving average price is $205.09 and its 200 day moving average price is $191.37. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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%. On average, equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.51%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 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.