Advisors Preferred LLC Lowers Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Advisors Preferred LLC decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 30.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 308 shares of the semiconductor company’s stock after selling 135 shares during the period. Advisors Preferred LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $62,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Reston Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter worth about $25,000. Archer Investment Corp raised its stake in shares of Taiwan Semiconductor Manufacturing by 48.1% during the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 62 shares during the last quarter. American Capital Advisory LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $38,000. OLD Second National Bank of Aurora raised its holdings in shares of Taiwan Semiconductor Manufacturing by 169.8% during the third quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 146 shares in the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $40,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $206.25 on Friday. The firm has a market cap of $1.07 trillion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 0.70 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $122.91 and a fifty-two week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a fifty day moving average price of $204.71 and a 200 day moving average price of $187.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating 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%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share 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 paid a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a yield of 1.06%. 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%.

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.