Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by LVW Advisors LLC

LVW Advisors LLC lessened its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,878 shares of the semiconductor company’s stock after selling 484 shares during the quarter. LVW Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Johnson Financial Group Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $25,000. Financial Gravity Asset Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 211 shares during the last quarter. Sachetta LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $29,000. Farmers & Merchants Investments Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $31,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in Taiwan Semiconductor Manufacturing by 108.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 162 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSM has been the topic of several analyst reports. Susquehanna raised their price objective on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a report on Monday, June 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Finally, Sanford C. Bernstein boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.60.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $173.81 on Monday. The firm’s fifty day simple moving average is $155.76 and its 200 day simple moving average is $135.07. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.01 and a twelve month high of $184.86. The firm has a market capitalization of $901.45 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 1.19 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. The business had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 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 Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 12th. This represents a $1.95 annualized dividend and a yield of 1.12%. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

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.