Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by REDW Wealth LLC

REDW Wealth LLC trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,752 shares of the semiconductor company’s stock after selling 546 shares during the period. REDW Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $346,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. CWA Asset Management Group LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $425,000. Verdence Capital Advisors LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 14.9% during the third quarter. Verdence Capital Advisors LLC now owns 13,218 shares of the semiconductor company’s stock worth $2,296,000 after buying an additional 1,711 shares in the last quarter. Assetmark Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 3.8% during the third quarter. Assetmark Inc. now owns 301,964 shares of the semiconductor company’s stock worth $52,442,000 after buying an additional 10,986 shares in the last quarter. TCTC Holdings LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 46.5% in the third quarter. TCTC Holdings LLC now owns 1,883 shares of the semiconductor company’s stock worth $327,000 after buying an additional 598 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in Taiwan Semiconductor Manufacturing by 3.9% in the third quarter. Atria Investments Inc now owns 144,347 shares of the semiconductor company’s stock valued at $25,069,000 after acquiring an additional 5,420 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Barclays boosted 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. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $176.58 on Monday. The company has a market cap of $915.80 billion, a PE ratio of 25.08, a P/E/G ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The firm has a 50-day simple moving average of $202.05 and a 200 day simple moving average of $191.90. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates 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, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.55%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

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.