Schrum Private Wealth Management LLC Decreases Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Schrum Private Wealth Management LLC decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 42.0% during the fourth quarter, Holdings Channel reports. The fund owned 8,101 shares of the semiconductor company’s stock after selling 5,863 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 1.4% of Schrum Private Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. Schrum Private Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,600,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Nisa Investment Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 5.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,817 shares of the semiconductor company’s stock worth $317,000 after buying an additional 100 shares during the period. Forum Financial Management LP bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $225,000. Impax Asset Management Group plc increased its position in shares of Taiwan Semiconductor Manufacturing by 33.7% during the third quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock worth $4,588,000 after purchasing an additional 6,664 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in Taiwan Semiconductor Manufacturing by 29.3% in the third quarter. Crestwood Advisors Group LLC now owns 3,289 shares of the semiconductor company’s stock valued at $571,000 after buying an additional 745 shares during the last quarter. Finally, Focused Wealth Management Inc acquired a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $87,000. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TSM shares. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $184.33 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The firm has a 50 day simple moving average of $203.09 and a 200-day simple moving average of $191.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The firm has a market cap of $956.03 billion, a PE ratio of 26.18, a P/E/G ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data 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, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.49%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.11%.

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.