Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Old North State Wealth Management LLC

Old North State Wealth Management LLC cut its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,626 shares of the semiconductor company’s stock after selling 1,066 shares during the period. Taiwan Semiconductor Manufacturing accounts for 1.5% of Old North State Wealth Management LLC’s holdings, making the stock its 24th largest position. Old North State Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,695,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TSM. AMF Tjanstepension AB increased its holdings 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 valued at $266,300,000 after purchasing an additional 70,057 shares during the last quarter. GAMMA Investing LLC raised its stake in Taiwan Semiconductor Manufacturing by 16.2% during the third quarter. GAMMA Investing LLC now owns 6,332 shares of the semiconductor company’s stock worth $1,100,000 after purchasing an additional 884 shares during the period. Azzad Asset Management Inc. ADV grew its position in Taiwan Semiconductor Manufacturing by 0.4% in the third quarter. Azzad Asset Management Inc. ADV now owns 14,166 shares of the semiconductor company’s stock worth $2,460,000 after acquiring an additional 63 shares during the period. Fulton Bank N.A. increased its stake in Taiwan Semiconductor Manufacturing by 14.4% during the third quarter. Fulton Bank N.A. now owns 5,251 shares of the semiconductor company’s stock worth $912,000 after acquiring an additional 660 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. purchased a new stake in Taiwan Semiconductor Manufacturing in the third quarter valued at $10,860,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 2.2 %

Shares of NYSE TSM opened at $204.21 on Wednesday. The business has a 50-day moving average of $202.74 and a two-hundred day moving average of $186.63. The company has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $116.58 and a 1 year high of $226.40. 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 posted its quarterly earnings data 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%. On average, analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a dividend yield of 1.07%. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

Wall Street Analyst Weigh In

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

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.