Oak Family Advisors LLC Sells 8,724 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Oak Family Advisors LLC decreased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 70,221 shares of the semiconductor company’s stock after selling 8,724 shares during the period. Taiwan Semiconductor Manufacturing makes up about 5.0% of Oak Family Advisors LLC’s investment portfolio, making the stock its largest position. Oak Family Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $13,868,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Better Money Decisions LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $233,000. FSM Wealth Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 20.4% in the fourth quarter. FSM Wealth Advisors LLC now owns 4,825 shares of the semiconductor company’s stock valued at $1,036,000 after acquiring an additional 817 shares in the last quarter. CFM Wealth Partners LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $222,000. Stock Yards Bank & Trust Co. raised its holdings in Taiwan Semiconductor Manufacturing by 18.1% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 4,330 shares of the semiconductor company’s stock valued at $855,000 after acquiring an additional 664 shares in the last quarter. Finally, Alterna Wealth Management Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $229,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $209.28 on Monday. The company has a 50 day simple moving average of $202.44 and a 200-day simple moving average of $186.33. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $112.61 and a 52-week high of $226.40. The firm has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 0.69 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 27.27%.

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.