Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by United Community Bank

United Community Bank reduced its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,256 shares of the semiconductor company’s stock after selling 1,065 shares during the quarter. United Community Bank’s holdings in Taiwan Semiconductor Manufacturing were worth $841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $25,000. Roxbury Financial LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $29,000. Archer Investment Corp grew its position in Taiwan Semiconductor Manufacturing by 48.1% during the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 62 shares during the period. OLD Second National Bank of Aurora grew its position in Taiwan Semiconductor Manufacturing by 169.8% during the third quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 146 shares during the period. Finally, Endeavor Private Wealth Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $40,000. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock opened at $176.58 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $125.78 and a 12-month high of $226.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company has a market capitalization of $915.80 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The firm’s fifty day moving average price is $202.05 and its 200 day moving average price is $191.76.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its 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%. On average, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.55%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 30.68%.

Wall Street Analyst Weigh In

TSM has been the subject of a number of research reports. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.