Orion Portfolio Solutions LLC Sells 152,540 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Orion Portfolio Solutions LLC decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 94.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,941 shares of the semiconductor company’s stock after selling 152,540 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Benjamin Edwards Inc. raised its position in Taiwan Semiconductor Manufacturing by 258.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 17,606 shares of the semiconductor company’s stock worth $3,059,000 after purchasing an additional 12,695 shares during the period. Ascent Group LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.5% in the 3rd quarter. Ascent Group LLC now owns 5,116 shares of the semiconductor company’s stock valued at $888,000 after acquiring an additional 123 shares during the last quarter. Hilltop Holdings Inc. grew its position in Taiwan Semiconductor Manufacturing by 83.6% during the 3rd quarter. Hilltop Holdings Inc. now owns 12,250 shares of the semiconductor company’s stock worth $2,127,000 after acquiring an additional 5,579 shares during the last quarter. IHT Wealth Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 49.7% in the 3rd quarter. IHT Wealth Management LLC now owns 13,057 shares of the semiconductor company’s stock worth $2,264,000 after purchasing an additional 4,336 shares during the period. Finally, Morse Asset Management Inc lifted its position in Taiwan Semiconductor Manufacturing by 120.7% in the third quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company’s stock valued at $3,074,000 after purchasing an additional 9,683 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TSM shares. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. 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, February 18th. Finally, Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 1.1 %

Shares of TSM opened at $170.48 on Thursday. 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 market capitalization of $884.18 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 0.66 and a beta of 1.16. The firm’s 50-day moving average price is $189.38 and its 200-day moving average price is $192.49. 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 earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.61%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

Taiwan Semiconductor Manufacturing 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.