Intelligence Driven Advisers LLC Sells 403 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Intelligence Driven Advisers LLC cut its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,154 shares of the semiconductor company’s stock after selling 403 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $896,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Johnson Financial Group Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $25,000. LifeSteps Financial Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at approximately $27,000. Olistico Wealth LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $27,000. Finally, North Star Investment Management Corp. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 670.4% during the 1st quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 181 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Susquehanna restated a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Sanford C. Bernstein upped their target price 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. Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Finally, TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 4.2 %

TSM traded down $6.88 during trading on Friday, hitting $156.82. 14,964,411 shares of the stock traded hands, compared to its average volume of 12,454,126. The firm has a market capitalization of $813.33 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 0.94 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The firm has a 50-day moving average of $169.79 and a 200 day moving average of $155.09. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 EPS. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.4871 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.24%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 32.57%.

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.