Rise Advisors LLC Cuts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Rise Advisors LLC trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 24.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 428 shares of the semiconductor company’s stock after selling 138 shares during the period. Rise Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $74,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. BOKF NA grew its stake in shares of Taiwan Semiconductor Manufacturing by 4.8% during the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 81 shares during the last quarter. Cetera Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 80.7% during the 1st quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock worth $10,787,000 after acquiring an additional 35,404 shares during the last quarter. ProShare Advisors LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $210,000. Empowered Funds LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 53.8% during the first quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock valued at $2,837,000 after purchasing an additional 7,293 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $437,000. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Sanford C. Bernstein boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Susquehanna reiterated a “positive” rating and issued a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Needham & Company LLC boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, TD Cowen raised their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Up 2.7 %

NYSE:TSM opened at $190.81 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.95 and a 1-year high of $193.47. 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’s 50-day moving average price is $171.64 and its 200-day moving average price is $162.47. The company has a market capitalization of $989.62 billion, a PE ratio of 34.13, a P/E/G ratio of 1.09 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The firm had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same period in the prior year, the firm posted $1.14 earnings per share. The company’s quarterly revenue was up 34.6% on a year-over-year basis. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 1.02%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 35.24%.

Taiwan Semiconductor Manufacturing Company Profile

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.