Swisher Financial Concepts Inc. Sells 2,020 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Swisher Financial Concepts Inc. lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 59.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,390 shares of the semiconductor company’s stock after selling 2,020 shares during the period. Swisher Financial Concepts Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $275,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morse Asset Management Inc raised its holdings in shares of 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 acquiring an additional 9,683 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in Taiwan Semiconductor Manufacturing by 31.0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 23,244 shares of the semiconductor company’s stock valued at $3,697,000 after purchasing an additional 5,500 shares during the period. EP Wealth Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 19.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 25,612 shares of the semiconductor company’s stock worth $4,448,000 after purchasing an additional 4,113 shares during the period. Headinvest LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 13.6% during the third quarter. Headinvest LLC now owns 2,504 shares of the semiconductor company’s stock valued at $435,000 after purchasing an additional 300 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $4,446,000. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

TSM has been the topic of several recent research reports. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 0.7 %

Shares of NYSE:TSM opened at $145.84 on Tuesday. The business’s 50-day moving average is $185.60 and its 200 day moving average is $192.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. 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 $756.40 billion, a P/E ratio of 20.72, a P/E/G ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts predict 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 disclosed 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. This represents a $2.74 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

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.