Meadow Creek Wealth Advisors LLC Sells 55 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Meadow Creek Wealth Advisors LLC decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,331 shares of the semiconductor company’s stock after selling 55 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $263,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. AMF Tjanstepension AB increased its holdings in Taiwan Semiconductor Manufacturing by 4.8% in the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after buying an additional 70,057 shares during the period. Fulton Bank N.A. increased its stake in Taiwan Semiconductor Manufacturing by 14.4% in the third quarter. Fulton Bank N.A. now owns 5,251 shares of the semiconductor company’s stock valued at $912,000 after acquiring an additional 660 shares during the period. Versant Capital Management Inc raised its position in Taiwan Semiconductor Manufacturing by 37.9% in the third quarter. Versant Capital Management Inc now owns 1,052 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 289 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 20,365 shares of the semiconductor company’s stock worth $3,537,000 after purchasing an additional 339 shares during the period. Finally, Park Place Capital Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 55.8% during the third quarter. Park Place Capital Corp now owns 880 shares of the semiconductor company’s stock valued at $153,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent research reports. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $208.53 on Thursday. The stock’s fifty day moving average is $203.15 and its 200-day moving average is $186.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $118.28 and a 52 week high of $226.40. The stock has a market capitalization of $1.08 trillion, a PE ratio of 29.62, a PEG ratio of 0.69 and a beta of 1.06.

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 net margin of 40.51% and a return on equity of 30.47%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders 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. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.05%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 27.27%.

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.