SNS Financial Group LLC Sells 52 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

SNS Financial Group LLC reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,043 shares of the semiconductor company’s stock after selling 52 shares during the period. SNS Financial Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $405,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Accel Wealth Management grew its position in shares of Taiwan Semiconductor Manufacturing by 2.5% during the 4th quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company’s stock valued at $402,000 after acquiring an additional 49 shares during the period. FWG Holdings LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 1.6% during the 3rd quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock valued at $539,000 after acquiring an additional 50 shares during the period. Elmwood Wealth Management Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 3.7% during the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock valued at $277,000 after acquiring an additional 50 shares during the period. Gilman Hill Asset Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 3.3% during the 4th quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock valued at $319,000 after acquiring an additional 52 shares during the period. Finally, Traynor Capital Management Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 3.4% during the 4th quarter. Traynor Capital Management Inc. now owns 1,566 shares of the semiconductor company’s stock valued at $309,000 after acquiring an additional 52 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock opened at $200.88 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $122.91 and a 12 month high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.04 trillion, a P/E ratio of 28.53, a PEG ratio of 0.67 and a beta of 1.06. The firm’s 50 day moving average is $205.68 and its 200 day moving average is $190.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.36%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 27.27%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TSM shares. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

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.