SVB Wealth LLC Has $1.86 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

SVB Wealth LLC reduced its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 37.8% in the first quarter, HoldingsChannel reports. The firm owned 13,694 shares of the semiconductor company’s stock after selling 8,339 shares during the period. SVB Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,863,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TSM. Johnson Financial Group Inc. bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $25,000. LifeSteps Financial Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 1st quarter worth approximately $27,000. North Star Investment Management Corp. boosted its holdings in Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 181 shares in the last quarter. Sachetta LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $29,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $31,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TSM shares. Sanford C. Bernstein lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Needham & Company LLC increased their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded down $1.63 on Tuesday, hitting $158.38. 3,150,802 shares of the stock were exchanged, compared to its average volume of 15,731,975. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $193.47. The firm’s 50 day moving average is $169.79 and its two-hundred day moving average is $145.93. The firm has a market capitalization of $821.42 billion, a PE ratio of 30.47, a P/E/G ratio of 0.96 and a beta of 1.14. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The company had revenue of $20.82 billion during the quarter, compared to the consensus estimate of $20.33 billion. During the same period last year, the firm earned $1.14 EPS. Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 34.6% on a year-over-year basis. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued a $0.4865 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.23%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.57%.

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.