Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Holdings Reduced by Level Four Advisory Services LLC

Level Four Advisory Services LLC lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 18.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,954 shares of the semiconductor company’s stock after selling 1,139 shares during the quarter. Level Four Advisory Services LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $461,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Key Financial Inc lifted its position in Taiwan Semiconductor Manufacturing by 666.7% in the first quarter. Key Financial Inc now owns 345 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 300 shares during the period. America First Investment Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at $33,000. MBM Wealth Consultants LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $27,000. Bogart Wealth LLC grew its holdings in Taiwan Semiconductor Manufacturing by 71.4% during the first quarter. Bogart Wealth LLC now owns 365 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 152 shares during the period. Finally, Chilton Capital Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth about $34,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 2.4 %

TSM stock opened at $89.25 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.42 and a quick ratio of 2.13. The firm has a market capitalization of $462.89 billion, a P/E ratio of 14.73, a P/E/G ratio of 3.18 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $59.43 and a 52-week high of $110.69. The company’s 50 day simple moving average is $95.65 and its 200-day simple moving average is $93.99.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 15th will be paid a $0.4724 dividend. This represents a $1.89 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, December 14th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 24.59%.

Analyst Ratings Changes

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

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