Paladin Advisory Group LLC Has $265,000 Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Paladin Advisory Group LLC decreased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,551 shares of the semiconductor company’s stock after selling 419 shares during the quarter. Paladin Advisory Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Congress Wealth Management LLC DE lifted its stake in Taiwan Semiconductor Manufacturing by 2.2% in the third quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock valued at $2,686,000 after buying an additional 671 shares during the period. LGT Capital Partners LTD. raised its position in shares of Taiwan Semiconductor Manufacturing by 4.4% during the third quarter. LGT Capital Partners LTD. now owns 1,554,790 shares of the semiconductor company’s stock worth $135,111,000 after purchasing an additional 65,220 shares during the period. Naples Global Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 1.0% during the third quarter. Naples Global Advisors LLC now owns 110,356 shares of the semiconductor company’s stock worth $9,640,000 after purchasing an additional 1,085 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 7.7% during the third quarter. Exchange Traded Concepts LLC now owns 159,658 shares of the semiconductor company’s stock worth $13,874,000 after purchasing an additional 11,427 shares during the period. Finally, Verus Capital Partners LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 53.6% during the third quarter. Verus Capital Partners LLC now owns 3,206 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 1,119 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TSM. TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, Barclays raised their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Taiwan Semiconductor Manufacturing Stock Down 3.4 %

TSM stock traded down $4.56 during mid-day trading on Friday, reaching $127.71. The company had a trading volume of 28,249,516 shares, compared to its average volume of 15,875,887. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.40 and a quick ratio of 2.13. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $81.21 and a 52 week high of $158.40. The stock has a 50 day simple moving average of $136.61 and a two-hundred day simple moving average of $112.74. The company has a market capitalization of $662.36 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.06 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. The company had revenue of $19.62 billion during the quarter, compared to the consensus estimate of $18.99 billion. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.38%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 33.20%.

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.