Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Ascent Group LLC

Ascent Group LLC reduced its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 38.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,706 shares of the semiconductor company’s stock after selling 10,434 shares during the period. Ascent Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,666,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TSM. Diversified Trust Co raised its holdings in shares of Taiwan Semiconductor Manufacturing by 87.9% in the 3rd quarter. Diversified Trust Co now owns 41,127 shares of the semiconductor company’s stock worth $11,487,000 after purchasing an additional 19,239 shares in the last quarter. Clark Asset Management LLC grew its position in Taiwan Semiconductor Manufacturing by 14.4% in the third quarter. Clark Asset Management LLC now owns 1,113 shares of the semiconductor company’s stock worth $311,000 after buying an additional 140 shares during the last quarter. Segment Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 206.3% in the third quarter. Segment Wealth Management LLC now owns 14,063 shares of the semiconductor company’s stock valued at $3,928,000 after buying an additional 9,471 shares in the last quarter. LVW Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 8.5% during the 3rd quarter. LVW Advisors LLC now owns 7,087 shares of the semiconductor company’s stock valued at $1,979,000 after acquiring an additional 553 shares during the last quarter. Finally, Westbourne Investment Advisors Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $225,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Down 0.5%

Shares of NYSE:TSM opened at $299.56 on Wednesday. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.55 trillion, a PE ratio of 30.72, a P/E/G ratio of 1.03 and a beta of 1.31. Taiwan Semiconductor Manufacturing Company Ltd. has a 1 year low of $134.25 and a 1 year high of $313.98. The firm has a fifty day moving average price of $292.49 and a 200 day moving average price of $264.66.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Friday, November 14th. The semiconductor company reported $14.32 earnings per share for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%. Analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.9678 per share. This represents a $3.87 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. Taiwan Semiconductor Manufacturing’s payout ratio is 31.28%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSM. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 17th. Wall Street Zen raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Sunday, December 14th. Sanford C. Bernstein upped their price objective on shares of Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the company an “outperform” rating in a research note on Sunday, December 7th. Needham & Company LLC reiterated a “buy” rating and issued a $360.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Monday, October 27th. Finally, Itau BBA Securities initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, October 7th. They issued an “outperform” rating on the stock. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $355.00.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.