Ridgewood Investments LLC Decreases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ridgewood Investments LLC lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,092 shares of the semiconductor company’s stock after selling 691 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 0.9% of Ridgewood Investments LLC’s investment portfolio, making the stock its 20th largest position. Ridgewood Investments LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,796,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 9,339 shares of the semiconductor company’s stock valued at $1,844,000 after acquiring an additional 61 shares during the last quarter. Legacy Private Trust Co. boosted its position in shares of Taiwan Semiconductor Manufacturing by 69.1% during the 4th quarter. Legacy Private Trust Co. now owns 2,785 shares of the semiconductor company’s stock valued at $550,000 after acquiring an additional 1,138 shares during the last quarter. Private Client Services LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $201,000. Oriental Harbor Investment Fund bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $32,743,000. Finally, Birch Capital Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 0.4% during the 4th quarter. Birch Capital Management LLC now owns 19,345 shares of the semiconductor company’s stock valued at $3,820,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 0.0 %

Taiwan Semiconductor Manufacturing stock traded down $0.04 during mid-day trading on Friday, hitting $207.08. The company had a trading volume of 8,810,982 shares, compared to its average volume of 14,000,513. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $196.64 and its two-hundred day moving average price is $182.95. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $99.99 and a 12 month high of $222.20. The company has a market capitalization of $1.07 trillion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 0.93 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion for 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%. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 35.10%.

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.