IFP Advisors Inc Sells 2,749 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

IFP Advisors Inc reduced its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) by 12.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,799 shares of the semiconductor company’s stock after selling 2,749 shares during the period. IFP Advisors Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $363,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 30.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company’s stock worth $144,071,000 after purchasing an additional 318,570 shares during the period. Zions Bancorporation N.A. increased its stake in Taiwan Semiconductor Manufacturing by 29.2% during the first quarter. Zions Bancorporation N.A. now owns 597 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 135 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Taiwan Semiconductor Manufacturing by 40.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company’s stock valued at $1,324,000 after acquiring an additional 3,638 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 17.3% in the 1st quarter. Merit Financial Group LLC now owns 2,350 shares of the semiconductor company’s stock worth $245,000 after acquiring an additional 346 shares during the period. Finally, Ergoteles LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 138.6% during the 1st quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company’s stock worth $4,744,000 after purchasing an additional 26,426 shares in the last quarter. 16.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSM has been the subject of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 20th. Susquehanna raised shares of Taiwan Semiconductor Manufacturing from a “neutral” rating to a “positive” rating and set a $126.00 price objective for the company in a report on Monday, April 17th. StockNews.com started coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, March 16th. They issued a “buy” rating on the stock. Finally, KGI Securities began coverage on Taiwan Semiconductor Manufacturing in a report on Wednesday, March 29th. They set an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.75.

Taiwan Semiconductor Manufacturing Trading Up 0.7 %

TSM stock opened at $85.54 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.08 and a quick ratio of 1.86. The stock has a market capitalization of $443.62 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 0.78 and a beta of 1.10. The business has a fifty day moving average price of $88.37 and a 200 day moving average price of $83.40. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $59.43 and a fifty-two week high of $98.99.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 13th. Investors of record on Friday, June 16th will be issued a $0.3597 dividend. The ex-dividend date is Thursday, June 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.68%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 21.95%.

Taiwan Semiconductor Manufacturing Company Profile

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Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products, information applications, wired and wireless communications systems products, and automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.