Brown Advisory Securities LLC Has $413,000 Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Brown Advisory Securities LLC cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 3.7% during the first quarter, HoldingsChannel reports. The fund owned 3,977 shares of the semiconductor company’s stock after selling 152 shares during the quarter. Brown Advisory Securities LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $413,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TSM. Rise Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $26,000. Curi Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $28,000. Retirement Planning Co of New England Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $37,000. Rather & Kittrell Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $37,000. Finally, SJS Investment Consulting Inc. increased its position in Taiwan Semiconductor Manufacturing by 101.6% during the first quarter. SJS Investment Consulting Inc. now owns 387 shares of the semiconductor company’s stock worth $40,000 after buying an additional 195 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have commented on TSM. Loop Capital began coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They set a “buy” rating on the stock. Cowen set a $100.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, July 19th. Susquehanna Bancshares decreased their price target on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, July 14th. Susquehanna reduced their target price on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, July 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 14th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $120.14.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock traded up $1.03 during midday trading on Friday, reaching $89.45. The company had a trading volume of 408,268 shares, compared to its average volume of 12,356,078. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.85 and a current ratio of 2.09. The stock has a fifty day simple moving average of $86.23 and a 200 day simple moving average of $99.09. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $73.74 and a 1-year high of $145.00.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last issued its quarterly earnings results on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.68 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.53% and a return on equity of 34.31%. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.3 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, September 15th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s payout ratio is currently 28.19%.

About Taiwan Semiconductor Manufacturing

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Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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