Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Summitry LLC

Summitry LLC lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 635,479 shares of the semiconductor company’s stock after selling 29,221 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 6.1% of Summitry LLC’s investment portfolio, making the stock its biggest position. Summitry LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $125,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSM. Larson Financial Group LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 153.4% in the 3rd quarter. Larson Financial Group LLC now owns 2,035 shares of the semiconductor company’s stock valued at $353,000 after purchasing an additional 1,232 shares during the period. Summit Trail Advisors LLC grew its position in Taiwan Semiconductor Manufacturing by 51.9% in the third quarter. Summit Trail Advisors LLC now owns 3,839 shares of the semiconductor company’s stock valued at $669,000 after acquiring an additional 1,311 shares during the period. Daiwa Securities Group Inc. raised its stake in Taiwan Semiconductor Manufacturing by 7.4% during the third quarter. Daiwa Securities Group Inc. now owns 23,148 shares of the semiconductor company’s stock worth $4,021,000 after acquiring an additional 1,600 shares in the last quarter. Independent Advisor Alliance lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 13.7% during the third quarter. Independent Advisor Alliance now owns 23,846 shares of the semiconductor company’s stock valued at $4,141,000 after acquiring an additional 2,865 shares during the period. Finally, Boston Family Office LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 70.0% in the 3rd quarter. Boston Family Office LLC now owns 3,399 shares of the semiconductor company’s stock valued at $590,000 after purchasing an additional 1,399 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.1 %

TSM opened at $180.92 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The firm has a 50-day moving average price of $194.86 and a two-hundred day moving average price of $192.62. The stock has a market capitalization of $938.33 billion, a PE ratio of 25.70, a PEG ratio of 0.66 and a beta of 1.13. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a dividend yield of 1.52%. 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 dividend payout ratio is 30.68%.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, StockNews.com lowered 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.