Bokf Na Sells 6,490 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bokf Na reduced its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 57.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,844 shares of the semiconductor company’s stock after selling 6,490 shares during the quarter. Bokf Na’s holdings in Taiwan Semiconductor Manufacturing were worth $451,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Key Financial Inc grew its position in shares of Taiwan Semiconductor Manufacturing by 666.7% in the 1st quarter. Key Financial Inc now owns 345 shares of the semiconductor company’s stock worth $32,000 after buying an additional 300 shares during the last quarter. America First Investment Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter worth approximately $33,000. MBM Wealth Consultants LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $27,000. Bogart Wealth LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 71.4% in the 1st quarter. Bogart Wealth LLC now owns 365 shares of the semiconductor company’s stock worth $34,000 after buying an additional 152 shares during the last quarter. Finally, Hall Laurie J Trustee bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $36,000. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 0.4 %

Shares of NYSE:TSM opened at $93.19 on Friday. The stock has a fifty day simple moving average of $97.64 and a two-hundred day simple moving average of $93.80. The stock has a market capitalization of $483.32 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 3.26 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $59.43 and a 12-month high of $110.69. The company has a current ratio of 2.42, a quick ratio of 2.13 and a debt-to-equity ratio of 0.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 20th. The semiconductor company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07. The business had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $15.52 billion. Taiwan Semiconductor Manufacturing had a return on equity of 32.08% and a net margin of 43.31%. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.82 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.4724 per share. This represents a $1.89 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, December 14th. Taiwan Semiconductor Manufacturing’s payout ratio is 25.41%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Needham & Company LLC dropped their price target on Taiwan Semiconductor Manufacturing from $118.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Finally, Susquehanna lifted their price target on Taiwan Semiconductor Manufacturing from $128.00 to $135.00 and gave the company a “positive” rating in a research report on Friday, July 14th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $108.33.

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