Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,771 shares of the semiconductor company’s stock after selling 599 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $26,184,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TSM. Mather Group LLC. boosted its position in shares of Taiwan Semiconductor Manufacturing by 2.0% during the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after purchasing an additional 96 shares in the last quarter. Atlas Private Wealth Advisors boosted its holdings in Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock worth $342,000 after buying an additional 104 shares in the last quarter. Advisory Resource Group grew its position in Taiwan Semiconductor Manufacturing by 1.3% during the fourth quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock worth $886,000 after buying an additional 108 shares during the period. Intrust Bank NA grew its position in Taiwan Semiconductor Manufacturing by 0.8% during the fourth quarter. Intrust Bank NA now owns 14,187 shares of the semiconductor company’s stock worth $1,475,000 after buying an additional 111 shares during the period. Finally, Baystate Wealth Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 28.8% in the fourth quarter. Baystate Wealth Management LLC now owns 510 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 114 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $141.56 on Monday. The stock has a market cap of $734.19 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The business has a fifty day moving average of $138.12 and a 200-day moving average of $116.62. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $82.53 and a fifty-two week high of $158.40. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.25%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Susquehanna increased their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Company 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.