Park Place Capital Corp Sells 76 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Park Place Capital Corp trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 804 shares of the semiconductor company’s stock after selling 76 shares during the period. Park Place Capital Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $159,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TSM. Dakota Wealth Management increased its position in Taiwan Semiconductor Manufacturing by 99.4% during the fourth quarter. Dakota Wealth Management now owns 17,357 shares of the semiconductor company’s stock worth $3,428,000 after buying an additional 8,654 shares during the last quarter. XML Financial LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% in the 4th quarter. XML Financial LLC now owns 2,660 shares of the semiconductor company’s stock valued at $525,000 after acquiring an additional 53 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 16.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,117 shares of the semiconductor company’s stock worth $419,000 after purchasing an additional 300 shares during the last quarter. Genesis Private Wealth LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $462,000. Finally, Simon Quick Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 15.6% during the fourth quarter. Simon Quick Advisors LLC now owns 6,581 shares of the semiconductor company’s stock valued at $1,300,000 after purchasing an additional 888 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TSM shares. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $223.33 on Thursday. 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 firm’s 50-day moving average is $198.90 and its 200-day moving average is $184.97. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $112.61 and a 52-week high of $225.43. The company has a market cap of $1.16 trillion, a price-to-earnings ratio of 31.72, a PEG ratio of 0.72 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 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%. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. This represents a $2.19 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. 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.