Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Position Lowered by Circle Wealth Management LLC

Circle Wealth Management LLC reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,938 shares of the semiconductor company’s stock after selling 1,249 shares during the quarter. Circle Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TSM. Oriental Harbor Investment Fund acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $32,743,000. Private Client Services LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $201,000. Legacy Private Trust Co. raised its stake in Taiwan Semiconductor Manufacturing by 69.1% during the 4th quarter. Legacy Private Trust Co. now owns 2,785 shares of the semiconductor company’s stock valued at $550,000 after acquiring an additional 1,138 shares in the last quarter. ST Germain D J Co. Inc. boosted its position in Taiwan Semiconductor Manufacturing by 0.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 9,339 shares of the semiconductor company’s stock worth $1,844,000 after acquiring an additional 61 shares during the period. Finally, Highline Wealth Partners LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 26.2% in the fourth quarter. Highline Wealth Partners LLC now owns 1,190 shares of the semiconductor company’s stock worth $235,000 after purchasing an additional 247 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 1.4 %

Taiwan Semiconductor Manufacturing stock opened at $174.70 on Thursday. The company has a 50 day moving average price of $165.76 and a 200 day moving average price of $188.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $133.57 and a 52 week high of $226.40. The firm has a market capitalization of $906.08 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Research analysts forecast 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 represents a $2.74 dividend on an annualized basis and a dividend yield of 1.57%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 27.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TSM shares. Susquehanna reiterated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Finally, Barclays restated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $212.00.

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.