Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Allen Wealth Management LLC

Allen Wealth Management LLC decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.3% during the 4th quarter, Holdings Channel reports. The fund owned 10,895 shares of the semiconductor company’s stock after selling 367 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 1.5% of Allen Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. Allen Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,152,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TSM. Stonebridge Financial Group LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $25,000. IMG Wealth Management Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $26,000. Hopwood Financial Services Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $27,000. Roxbury Financial LLC purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $29,000. Finally, Nemes Rush Group LLC raised its holdings in Taiwan Semiconductor Manufacturing by 1,810.0% during the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 1.1 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $170.48 on Thursday. The company’s fifty day moving average is $189.38 and its two-hundred day moving average is $192.49. 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 debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market capitalization of $884.18 billion, a P/E ratio of 24.22, a PEG ratio of 0.66 and a beta of 1.16.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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 given 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 yield of 1.61%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TSM shares. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

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.