Rise Advisors LLC Reduces Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Rise Advisors LLC trimmed its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 24.4% in the 3rd quarter, Holdings Channel reports. The firm owned 428 shares of the semiconductor company’s stock after selling 138 shares during the period. Rise Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $74,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Integrated Advisors Network LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.7% in the fourth quarter. Integrated Advisors Network LLC now owns 12,487 shares of the semiconductor company’s stock worth $1,299,000 after acquiring an additional 323 shares during the period. Centaurus Financial Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 15.2% in the fourth quarter. Centaurus Financial Inc. now owns 9,735 shares of the semiconductor company’s stock worth $1,012,000 after buying an additional 1,282 shares during the last quarter. EP Wealth Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 4.6% during the fourth quarter. EP Wealth Advisors LLC now owns 13,717 shares of the semiconductor company’s stock valued at $1,427,000 after buying an additional 603 shares during the period. Scarborough Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $40,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $35,000. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Sanford C. Bernstein raised their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Needham & Company LLC boosted their price objective on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Susquehanna reaffirmed a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Finally, TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $190.81 on Monday. The firm has a market cap of $989.62 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 1.09 and a beta of 1.14. The firm has a fifty day moving average price of $171.64 and a 200 day moving average price of $162.47. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $193.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47.

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, topping the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a $0.4871 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.02%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 35.24%.

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.