Corient Private Wealth LLC Sells 9,899 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Corient Private Wealth LLC lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 378,513 shares of the semiconductor company’s stock after selling 9,899 shares during the quarter. Corient Private Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $74,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSM. Gitterman Wealth Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 8.8% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,725 shares of the semiconductor company’s stock worth $341,000 after buying an additional 139 shares during the last quarter. Greenwich Wealth Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 2.5% in the fourth quarter. Greenwich Wealth Management LLC now owns 7,714 shares of the semiconductor company’s stock worth $1,523,000 after purchasing an additional 186 shares during the last quarter. Ascent Capital Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $602,000. Tidemark LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 20.8% during the 4th quarter. Tidemark LLC now owns 628 shares of the semiconductor company’s stock valued at $124,000 after purchasing an additional 108 shares during the last quarter. Finally, one8zero8 LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $496,000. 16.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Trading Up 1.5 %

Shares of TSM opened at $174.16 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve 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 company’s fifty day simple moving average is $199.22 and its 200-day simple moving average is $192.02. The company has a market cap of $903.29 billion, a P/E ratio of 24.74, a P/E/G ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.68%.

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.