Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 29.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,545 shares of the semiconductor company’s stock after selling 657 shares during the period. Integrated Investment Consultants LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $268,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TSM. ProShare Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth about $210,000. CreativeOne Wealth LLC increased its holdings in Taiwan Semiconductor Manufacturing by 25.8% during the 1st quarter. CreativeOne Wealth LLC now owns 4,208 shares of the semiconductor company’s stock worth $573,000 after purchasing an additional 863 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $976,000. Gamco Investors INC. ET AL acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $437,000. Finally, Kestra Advisory Services LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 42.5% during the 1st quarter. Kestra Advisory Services LLC now owns 111,928 shares of the semiconductor company’s stock valued at $15,230,000 after buying an additional 33,401 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Two equities research 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, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Down 0.6 %

NYSE TSM opened at $190.02 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $95.25 and a one year high of $212.60. The company has a 50-day simple moving average of $187.92 and a 200-day simple moving average of $173.68. The firm has a market capitalization of $985.52 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 0.88 and a beta of 1.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.15%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.57%.

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.