MFA Wealth Advisors LLC Sells 90 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

MFA Wealth Advisors LLC lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 3.9% during the 1st quarter, HoldingsChannel reports. The firm owned 2,199 shares of the semiconductor company’s stock after selling 90 shares during the quarter. MFA Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Tallon Kerry Patrick acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $228,000. LaFleur & Godfrey LLC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $221,000. Brighton Jones LLC raised its stake in Taiwan Semiconductor Manufacturing by 20.9% during the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after purchasing an additional 1,892 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $91,830,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth $354,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $213.94 on Wednesday. The firm has a market capitalization of $1.11 trillion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.27. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $226.40. The firm has a 50-day moving average price of $182.84 and a 200 day moving average price of $189.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its 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 for the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. Research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.22%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.59%.

Analysts Set New Price Targets

TSM has been the subject of several research reports. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Barclays reiterated an “overweight” rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Needham & Company LLC reissued a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a “positive” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus price target of $218.00.

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 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.