1900 Wealth Management LLC Sells 430 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

1900 Wealth Management LLC reduced its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,137 shares of the semiconductor company’s stock after selling 430 shares during the period. 1900 Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSM. AMF Tjanstepension AB boosted its holdings in Taiwan Semiconductor Manufacturing by 4.8% during the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after purchasing an additional 70,057 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.8% in the 3rd quarter. Brookstone Capital Management now owns 8,694 shares of the semiconductor company’s stock worth $1,510,000 after buying an additional 156 shares during the last quarter. Daymark Wealth Partners LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 8.9% in the third quarter. Daymark Wealth Partners LLC now owns 7,084 shares of the semiconductor company’s stock valued at $1,230,000 after acquiring an additional 581 shares in the last quarter. CWM LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 7.6% during the third quarter. CWM LLC now owns 29,651 shares of the semiconductor company’s stock worth $5,149,000 after acquiring an additional 2,097 shares during the period. Finally, Marcum Wealth LLC boosted its position in Taiwan Semiconductor Manufacturing by 24.2% in the third quarter. Marcum Wealth LLC now owns 5,767 shares of the semiconductor company’s stock worth $1,002,000 after purchasing an additional 1,125 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $210.40 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $120.00 and a 12-month high of $226.40. 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 company has a market cap of $1.09 trillion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 0.69 and a beta of 1.06. The stock has a 50-day moving average price of $203.69 and a 200-day moving average price of $187.05.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping 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%. As a group, equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 27.27%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TSM. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating and four 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 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.