Strengthening Families & Communities LLC Decreases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Strengthening Families & Communities LLC reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 88.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,406 shares of the semiconductor company’s stock after selling 10,680 shares during the period. Strengthening Families & Communities LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $278,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Accel Wealth Management lifted its stake in Taiwan Semiconductor Manufacturing by 2.5% during the fourth quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company’s stock worth $402,000 after purchasing an additional 49 shares during the last quarter. FWG Holdings LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.6% during the third quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock worth $539,000 after purchasing an additional 50 shares during the period. Elmwood Wealth Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.7% during the fourth quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock worth $277,000 after purchasing an additional 50 shares during the period. Gilman Hill Asset Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock worth $319,000 after buying an additional 52 shares during the last quarter. Finally, Traynor Capital Management Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.4% in the 4th quarter. Traynor Capital Management Inc. now owns 1,566 shares of the semiconductor company’s stock valued at $309,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $207.85 on Tuesday. 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 business’s 50 day moving average is $204.71 and its 200-day moving average is $187.79. The stock has a market cap of $1.08 trillion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $122.91 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results 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 predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 27.27%.

Taiwan Semiconductor Manufacturing 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.