Capital Analysts LLC Sells 612 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Capital Analysts LLC trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.4% during the 4th quarter, HoldingsChannel reports. The firm owned 17,130 shares of the semiconductor company’s stock after selling 612 shares during the period. Capital Analysts LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,384,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TSM. Morse Asset Management Inc grew its position in Taiwan Semiconductor Manufacturing by 120.7% during the third quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company’s stock valued at $3,074,000 after buying an additional 9,683 shares during the period. Advisory Resource Group raised its position in Taiwan Semiconductor Manufacturing by 1.4% in the third quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company’s stock worth $1,387,000 after acquiring an additional 107 shares during the period. Virtu Financial LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 242.1% during the 3rd quarter. Virtu Financial LLC now owns 28,669 shares of the semiconductor company’s stock valued at $4,979,000 after acquiring an additional 20,289 shares during the period. Chelsea Counsel Co. grew its position in shares of Taiwan Semiconductor Manufacturing by 25.0% during the 3rd quarter. Chelsea Counsel Co. now owns 500 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 100 shares during the period. Finally, Tudor Financial Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth $530,000. 16.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on TSM shares. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays reiterated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Susquehanna reaffirmed a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $165.28 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $133.21 and a twelve month high of $226.40. The business has a 50-day moving average price of $169.09 and a 200-day moving average price of $189.16. The firm has a market cap of $857.21 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 27.76%.

About Taiwan Semiconductor Manufacturing

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 a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.