Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,399 shares of the semiconductor company’s stock after selling 1,235 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 2.7% of Noesis Capital Mangement Corp’s portfolio, making the stock its 13th largest holding. Noesis Capital Mangement Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $11,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Congress Wealth Management LLC DE raised its stake in Taiwan Semiconductor Manufacturing by 2.2% during the 3rd quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock valued at $2,686,000 after acquiring an additional 671 shares during the last quarter. CapWealth Advisors LLC raised its holdings in Taiwan Semiconductor Manufacturing by 21.1% during the fourth quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock worth $12,720,000 after purchasing an additional 21,329 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock valued at $3,232,287,000 after buying an additional 442,289 shares in the last quarter. Verus Capital Partners LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 53.6% during the 3rd 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 in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Taiwan Semiconductor Manufacturing by 99.3% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,087 shares of the semiconductor company’s stock worth $442,000 after buying an additional 2,534 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 3.9 %

TSM stock traded up $5.33 during mid-day trading on Friday, hitting $141.56. 13,264,336 shares of the company were exchanged, compared to its average volume of 15,843,582. The company has a market capitalization of $734.19 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 0.97 and a beta of 1.13. The firm has a fifty day simple moving average of $138.12 and a 200 day simple moving average of $116.26. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $82.53 and a twelve month high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.25%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 33.52%.

Wall Street Analyst Weigh In

TSM has been the subject of several research reports. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.