Mirador Capital Partners LP Decreases Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mirador Capital Partners LP lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,887 shares of the semiconductor company’s stock after selling 208 shares during the period. Mirador Capital Partners LP’s holdings in Taiwan Semiconductor Manufacturing were worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in TSM. Johnson Financial Group Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $25,000. Financial Gravity Asset Management Inc. boosted its stake in 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 acquiring an additional 211 shares in the last quarter. Sachetta LLC purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $29,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $31,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 108.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 162 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TSM shares. 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 research report on Thursday, April 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna lifted their target price on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday, June 17th. Needham & Company LLC restated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Finally, Sanford C. Bernstein raised their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $173.60.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $172.39 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $184.86. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. The firm has a market cap of $894.09 billion, a P/E ratio of 32.84, a P/E/G ratio of 1.19 and a beta of 1.14. The business’s 50 day moving average price is $155.76 and its 200 day moving average price is $135.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The business had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

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.