Clifford Swan Investment Counsel LLC Decreases Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Clifford Swan Investment Counsel LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,746 shares of the semiconductor company’s stock after selling 281 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $494,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Xponance Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth about $270,000. Stratos Wealth Partners LTD. grew its stake in shares of Taiwan Semiconductor Manufacturing by 46.5% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 11,586 shares of the semiconductor company’s stock worth $1,007,000 after buying an additional 3,679 shares during the last quarter. Lindbrook Capital LLC increased its position in Taiwan Semiconductor Manufacturing by 8.6% during the 3rd quarter. Lindbrook Capital LLC now owns 9,331 shares of the semiconductor company’s stock valued at $811,000 after buying an additional 739 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 3.2% during the third quarter. Verdence Capital Advisors LLC now owns 11,214 shares of the semiconductor company’s stock valued at $975,000 after buying an additional 351 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Taiwan Semiconductor Manufacturing by 23.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,811 shares of the semiconductor company’s stock valued at $1,200,000 after buying an additional 2,663 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TSM shares. Needham & Company LLC reissued a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM traded up $1.27 during mid-day trading on Monday, hitting $142.83. 8,592,860 shares of the company traded hands, compared to its average volume of 15,465,400. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $82.53 and a 1 year high of $158.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The stock has a 50-day moving average price of $138.12 and a two-hundred day moving average price of $116.62. The stock has a market cap of $740.77 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 1.01 and a beta of 1.13.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.23%. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

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.