Intelligence Driven Advisers LLC Sells 403 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Intelligence Driven Advisers LLC cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,154 shares of the semiconductor company’s stock after selling 403 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $896,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Johnson Financial Group Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $25,000. LifeSteps Financial Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $27,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $27,000. Finally, North Star Investment Management Corp. lifted its holdings in Taiwan Semiconductor Manufacturing by 670.4% during the first 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 in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 4.2 %

Shares of TSM traded down $6.88 during trading hours on Friday, reaching $156.82. 14,964,411 shares of the company traded hands, compared to its average volume of 12,454,126. The firm has a market cap of $813.33 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 0.94 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average price is $169.79 and its 200 day moving average price is $155.09.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The company had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.24%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.57%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TSM shares. Needham & Company LLC lifted their price target 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. Sanford C. Bernstein boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Finally, Susquehanna reissued a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $200.00.

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.