Elgethun Capital Management Trims Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Elgethun Capital Management cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,000 shares of the semiconductor company’s stock after selling 621 shares during the period. Elgethun Capital Management’s holdings in Taiwan Semiconductor Manufacturing were worth $790,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TSM. Mount Yale Investment Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.3% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock worth $7,052,000 after acquiring an additional 1,476 shares during the last quarter. McHugh Group LLC acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $605,000. OLD National Bancorp IN increased its position in shares of Taiwan Semiconductor Manufacturing by 2.1% during the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock worth $22,357,000 after purchasing an additional 2,368 shares during the last quarter. Guardian Partners Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $9,222,000. Finally, Hardman Johnston Global Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 7.6% during the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock worth $75,329,000 after purchasing an additional 26,847 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Down 6.7 %

TSM opened at $146.88 on Monday. The stock has a market capitalization of $761.76 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. The business’s 50-day simple moving average is $186.54 and its 200-day simple moving average is $192.44.

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, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. 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 paid a dividend of $0.6855 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.87%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

Analyst Ratings Changes

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