Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Holdings Cut by Cottonwood Capital Advisors LLC

Cottonwood Capital Advisors LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,990 shares of the semiconductor company’s stock after selling 227 shares during the period. Cottonwood Capital Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $393,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Berbice Capital Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $1,067,000. Metropolis Capital Ltd boosted its position in Taiwan Semiconductor Manufacturing by 45.4% during the 4th quarter. Metropolis Capital Ltd now owns 383,552 shares of the semiconductor company’s stock worth $75,748,000 after acquiring an additional 119,719 shares during the period. Sound Income Strategies LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 72.1% during the fourth quarter. Sound Income Strategies LLC now owns 890 shares of the semiconductor company’s stock valued at $176,000 after purchasing an additional 373 shares in the last quarter. RFG Advisory LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 15.0% in the fourth quarter. RFG Advisory LLC now owns 8,434 shares of the semiconductor company’s stock worth $1,666,000 after purchasing an additional 1,098 shares during the period. Finally, Shilanski & Associates Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $241,000. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $221.73 on Friday. The company has a market capitalization of $1.15 trillion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.07. 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 stock has a fifty day moving average of $200.35 and a 200-day moving average of $185.51. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $112.61 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Barclays upped their target price 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. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

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.