First Pacific Financial Sells 790 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

First Pacific Financial decreased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 16.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,158 shares of the semiconductor company’s stock after selling 790 shares during the quarter. First Pacific Financial’s holdings in Taiwan Semiconductor Manufacturing were worth $690,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TSM. Guardian Partners Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $9,222,000. Pinnacle Investment Management Ltd bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $26,661,000. Alphinity Investment Management Pty Ltd purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $349,241,000. Sentry LLC bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at approximately $222,000. Finally, Red Crane Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $320,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 4.6%

NYSE:TSM opened at $220.03 on Wednesday. The business has a fifty day moving average price of $188.59 and a 200-day moving average price of $189.67. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $226.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. The firm has a market capitalization of $1.14 trillion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 1.09 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.18%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.59%.

Analyst Ratings Changes

TSM has been the subject of several recent analyst reports. Citigroup restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Susquehanna boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a “positive” rating in a report on Tuesday, June 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Finally, Barclays reiterated an “overweight” rating and set a $240.00 target price (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and a consensus price target of $222.50.

Taiwan Semiconductor Manufacturing 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.