Realta Investment Advisors Cuts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Realta Investment Advisors lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 84.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,341 shares of the semiconductor company’s stock after selling 7,509 shares during the quarter. Realta Investment Advisors’ holdings in Taiwan Semiconductor Manufacturing were worth $258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. Atlantic Edge Private Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $25,000. Reston Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth $25,000. Olistico Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $27,000. Valley Wealth Managers Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $27,000. Finally, NewSquare Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 1.3 %

Shares of TSM opened at $192.95 on Friday. The firm has a market cap of $1.00 trillion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $89.46 and a 12-month high of $212.60. The company’s 50-day moving average price is $180.45 and its 200 day moving average price is $168.08. The company has a current ratio of 2.57, a quick ratio of 2.21 and a debt-to-equity ratio of 0.23.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 1.01%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TSM. TD Cowen boosted their price target 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. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays boosted their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday. Two research 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 a consensus rating of “Moderate Buy” and an average price target of $209.00.

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.