Advisory Services Network LLC Sells 2,253 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Advisory Services Network LLC reduced its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,462 shares of the semiconductor company’s stock after selling 2,253 shares during the quarter. Advisory Services Network LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,489,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fiduciary Trust Co. lifted its holdings in Taiwan Semiconductor Manufacturing by 5.1% in the 4th quarter. Fiduciary Trust Co. now owns 2,070 shares of the semiconductor company’s stock worth $249,000 after buying an additional 100 shares during the period. Cerro Pacific Wealth Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 1.4% in the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 8,371 shares of the semiconductor company’s stock worth $873,000 after buying an additional 114 shares during the period. RDA Financial Network lifted its holdings in Taiwan Semiconductor Manufacturing by 3.6% in the 1st quarter. RDA Financial Network now owns 3,347 shares of the semiconductor company’s stock worth $349,000 after buying an additional 116 shares during the period. Marks Group Wealth Management Inc raised its position in shares of Taiwan Semiconductor Manufacturing by 0.6% in the 1st quarter. Marks Group Wealth Management Inc now owns 19,067 shares of the semiconductor company’s stock worth $1,988,000 after acquiring an additional 117 shares in the last quarter. Finally, Sheets Smith Wealth Management raised its position in shares of Taiwan Semiconductor Manufacturing by 6.7% in the 1st quarter. Sheets Smith Wealth Management now owns 1,924 shares of the semiconductor company’s stock worth $201,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 16.86% of the company’s stock.

Wall Street Analysts Forecast Growth

TSM has been the subject of several research reports. Loop Capital initiated coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They issued a “buy” rating for the company. Susquehanna decreased their target price on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, July 14th. Cowen set a $100.00 target price on Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 19th. Finally, Susquehanna Bancshares reduced their price objective on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, July 14th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average price target of $120.14.

Taiwan Semiconductor Manufacturing Stock Down 2.1 %

Taiwan Semiconductor Manufacturing stock opened at $77.98 on Friday. The firm has a market cap of $404.43 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 0.53 and a beta of 0.99. The stock has a fifty day simple moving average of $84.94 and a two-hundred day simple moving average of $91.66. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $73.74 and a 12 month high of $145.00. The company has a current ratio of 2.25, a quick ratio of 2.00 and a debt-to-equity ratio of 0.31.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last posted its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.68 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.56% and a net margin of 40.53%. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.24 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 12th. Stockholders of record on Friday, December 16th will be paid a $0.458 dividend. The ex-dividend date is Thursday, December 15th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.35%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 28.19%.

Taiwan Semiconductor Manufacturing Company Profile

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Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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