Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Position Decreased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,072 shares of the semiconductor company’s stock after selling 1,472 shares during the period. Farther Finance Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,187,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $77,000. Apollon Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 12.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 14,010 shares of the semiconductor company’s stock worth $2,433,000 after purchasing an additional 1,524 shares during the last quarter. Harbour Investments Inc. grew its position in Taiwan Semiconductor Manufacturing by 8.8% in the 3rd quarter. Harbour Investments Inc. now owns 9,394 shares of the semiconductor company’s stock worth $1,631,000 after purchasing an additional 761 shares during the last quarter. GSA Capital Partners LLP grew its position in Taiwan Semiconductor Manufacturing by 371.0% in the 3rd quarter. GSA Capital Partners LLP now owns 8,582 shares of the semiconductor company’s stock worth $1,490,000 after purchasing an additional 6,760 shares during the last quarter. Finally, WealthPlan Investment Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth about $217,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 3.5 %

TSM stock opened at $176.92 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The firm has a market cap of $917.56 billion, a PE ratio of 25.13, a P/E/G ratio of 0.66 and a beta of 1.13. The firm has a 50 day simple moving average of $200.52 and a 200 day simple moving average of $191.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued 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 net margin of 40.51% and a return on equity of 30.47%. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on TSM. Barclays upped their price target 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 note on Tuesday, February 18th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average 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.