WorthPointe LLC Sells 326 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

WorthPointe LLC lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,663 shares of the semiconductor company’s stock after selling 326 shares during the quarter. WorthPointe LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $462,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Cynosure Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $241,000. Hardy Reed LLC raised its holdings in Taiwan Semiconductor Manufacturing by 1.2% during the 3rd quarter. Hardy Reed LLC now owns 4,635 shares of the semiconductor company’s stock worth $805,000 after buying an additional 56 shares during the period. Townsquare Capital LLC lifted its stake in Taiwan Semiconductor Manufacturing by 42.3% in the third quarter. Townsquare Capital LLC now owns 79,557 shares of the semiconductor company’s stock valued at $13,817,000 after buying an additional 23,654 shares in the last quarter. NCP Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth $139,000. Finally, Baldwin Investment Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% during the third quarter. Baldwin Investment Management LLC now owns 16,216 shares of the semiconductor company’s stock worth $2,816,000 after acquiring an additional 200 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TSM shares. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 0.7 %

Shares of TSM stock opened at $183.80 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $95.25 and a 52-week high of $212.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock has a market cap of $953.26 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 0.85 and a beta of 1.12. The firm’s 50-day moving average is $188.57 and its 200-day moving average is $174.66.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.19%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

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.