SVB Wealth LLC Cuts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

SVB Wealth LLC lowered its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 37.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,694 shares of the semiconductor company’s stock after selling 8,339 shares during the quarter. SVB Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. LifeSteps Financial Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $27,000. North Star Investment Management Corp. increased its position in Taiwan Semiconductor Manufacturing by 670.4% during the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 181 shares during the period. Tsfg LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 470.7% during the 1st quarter. Tsfg LLC now owns 234 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 193 shares in the last quarter. Indiana Trust & Investment Management CO bought a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $33,000. Finally, Cherry Tree Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $33,000. 16.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on TSM. Needham & Company LLC lifted their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Sanford C. Bernstein lifted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock traded down $1.63 during trading on Tuesday, reaching $158.38. 3,150,802 shares of the stock traded hands, compared to its average volume of 15,731,975. The company has a market capitalization of $821.42 billion, a price-to-earnings ratio of 30.47, a P/E/G ratio of 0.96 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $193.47. The business has a fifty day simple moving average of $169.79 and a two-hundred day simple moving average of $145.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.89% and a net margin of 37.85%. The company’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.14 earnings per share. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.23%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.57%.

Taiwan Semiconductor Manufacturing Company 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.