Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,254 shares of the semiconductor company’s stock after selling 56 shares during the period. Checchi Capital Advisers LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TSM. Accel Wealth Management increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.5% in the fourth quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company’s stock valued at $402,000 after buying an additional 49 shares during the period. FWG Holdings LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.6% in the third quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock valued at $539,000 after buying an additional 50 shares in the last quarter. Elmwood Wealth Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 3.7% during the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock valued at $277,000 after purchasing an additional 50 shares during the last quarter. WP Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% in the fourth quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company’s stock valued at $843,000 after purchasing an additional 50 shares during the last quarter. Finally, Gilman Hill Asset Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock worth $319,000 after buying an additional 52 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Down 1.2 %

TSM opened at $189.36 on Wednesday. The stock has a market cap of $982.12 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. 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’s fifty day moving average is $205.36 and its 200 day moving average is $191.41. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly 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 net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This represents a $2.74 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is 31.11%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TSM shares. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.