44 Wealth Management LLC Reduces Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

44 Wealth Management LLC trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.7% during the fourth quarter, Holdings Channel reports. The firm owned 5,399 shares of the semiconductor company’s stock after selling 328 shares during the quarter. 44 Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,066,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AMF Tjanstepension AB grew its stake in Taiwan Semiconductor Manufacturing by 4.8% in the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after acquiring an additional 70,057 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 23,351.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,027,624 shares of the semiconductor company’s stock worth $178,467,000 after purchasing an additional 1,023,242 shares during the last quarter. Brighton Jones LLC lifted its stake in Taiwan Semiconductor Manufacturing by 17.0% in the 3rd quarter. Brighton Jones LLC now owns 9,038 shares of the semiconductor company’s stock valued at $1,570,000 after buying an additional 1,316 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Taiwan Semiconductor Manufacturing by 24.9% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 10,144 shares of the semiconductor company’s stock valued at $1,769,000 after buying an additional 2,020 shares during the last quarter. Finally, Impact Partnership Wealth LLC increased its position in Taiwan Semiconductor Manufacturing by 13.9% during the third quarter. Impact Partnership Wealth LLC now owns 1,344 shares of the semiconductor company’s stock worth $233,000 after buying an additional 164 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

Shares of NYSE:TSM opened at $198.40 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The stock’s 50-day moving average price is $205.80 and its two-hundred day moving average price is $190.57. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.03 trillion, a price-to-earnings ratio of 28.18, a PEG ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.27%.

Analyst Ratings Changes

Several analysts have recently issued reports on TSM shares. Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday. Barclays raised their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $220.00.

About Taiwan Semiconductor Manufacturing

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.