Boomfish Wealth Group LLC Trims Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Boomfish Wealth Group LLC cut its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,877 shares of the semiconductor company’s stock after selling 223 shares during the quarter. Boomfish Wealth Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $963,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. ProShare Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 25.2% in the second quarter. ProShare Advisors LLC now owns 1,935 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 390 shares during the period. Centaurus Financial Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 13.0% in the 2nd quarter. Centaurus Financial Inc. now owns 12,859 shares of the semiconductor company’s stock valued at $2,235,000 after buying an additional 1,482 shares during the period. Park National Corp OH increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.0% during the 3rd quarter. Park National Corp OH now owns 2,473 shares of the semiconductor company’s stock valued at $429,000 after acquiring an additional 71 shares during the last quarter. JLB & Associates Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% during the 3rd quarter. JLB & Associates Inc. now owns 40,239 shares of the semiconductor company’s stock worth $6,988,000 after acquiring an additional 1,657 shares during the period. Finally, AMF Tjanstepension AB boosted its position in shares of Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after acquiring an additional 70,057 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $208.29 on Friday. The firm has a fifty day simple moving average of $201.70 and a 200-day simple moving average of $186.00. The company has a market capitalization of $1.08 trillion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 0.67 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $112.61 and a twelve month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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 anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a yield of 1.05%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

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.