Cabot Wealth Management Inc. Sells 3,350 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cabot Wealth Management Inc. cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 119,321 shares of the semiconductor company’s stock after selling 3,350 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 3.0% of Cabot Wealth Management Inc.’s portfolio, making the stock its 4th biggest holding. Cabot Wealth Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $23,565,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Reston Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth $25,000. Stonebridge Financial Group LLC acquired a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $25,000. Roxbury Financial LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $29,000. Archer Investment Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 62 shares during the last quarter. Finally, American Capital Advisory LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $198.40 on Friday. The company has a market cap of $1.03 trillion, a P/E ratio of 28.18, a P/E/G ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year 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 company has a fifty day simple moving average of $205.80 and a 200 day simple moving average of $190.82.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, sell-side analysts predict 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 dividend of $0.6855 per share. 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 dividend on an annualized basis and a dividend yield of 1.38%. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

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.