Connective Portfolio Management LLC Decreases Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Connective Portfolio Management LLC decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 58.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,260 shares of the semiconductor company’s stock after selling 7,500 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 1.0% of Connective Portfolio Management LLC’s holdings, making the stock its 25th biggest holding. Connective Portfolio Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $914,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Howard Financial Services LTD. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth about $535,000. StoneCrest Wealth Management Inc. grew its stake in Taiwan Semiconductor Manufacturing by 3.8% during the 3rd quarter. StoneCrest Wealth Management Inc. now owns 3,237 shares of the semiconductor company’s stock valued at $562,000 after purchasing an additional 119 shares in the last quarter. Gratus Wealth Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 9.6% during the 3rd quarter. Gratus Wealth Advisors LLC now owns 15,510 shares of the semiconductor company’s stock worth $2,862,000 after purchasing an additional 1,358 shares during the last quarter. Brookstone Capital Management raised its position in shares of Taiwan Semiconductor Manufacturing by 1.8% in the 3rd quarter. Brookstone Capital Management now owns 8,694 shares of the semiconductor company’s stock valued at $1,510,000 after purchasing an additional 156 shares in the last quarter. Finally, Trust Co of Kansas purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $4,648,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on TSM shares. Needham & Company LLC lifted their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Susquehanna restated a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Sanford C. Bernstein lifted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Finally, TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded down $2.00 on Wednesday, hitting $184.05. 3,887,354 shares of the company’s stock were exchanged, compared to its average volume of 15,356,971. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of $169.84 and a two-hundred day moving average of $161.43. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.95 and a twelve month high of $193.47. The firm has a market cap of $954.56 billion, a PE ratio of 35.44, a P/E/G ratio of 1.06 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The business’s revenue was up 34.6% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 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, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.06%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 36.95%.

About Taiwan Semiconductor Manufacturing

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.