Twin City Private Wealth LLC Has $1.77 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Twin City Private Wealth LLC cut its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,927 shares of the semiconductor company’s stock after selling 1,044 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 1.6% of Twin City Private Wealth LLC’s portfolio, making the stock its 22nd largest holding. Twin City Private Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,769,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Accel Wealth Management increased its position in Taiwan Semiconductor Manufacturing by 2.5% during the 4th quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company’s stock worth $402,000 after purchasing an additional 49 shares in the last quarter. Elmwood Wealth Management Inc. increased its position in Taiwan Semiconductor Manufacturing by 3.7% during the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock worth $277,000 after purchasing an additional 50 shares in the last quarter. WP Advisors LLC increased its position in Taiwan Semiconductor Manufacturing by 1.2% during the 4th quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company’s stock worth $843,000 after purchasing an additional 50 shares in the last quarter. Gilman Hill Asset Management LLC increased its position in Taiwan Semiconductor Manufacturing by 3.3% during the 4th quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 52 shares in the last quarter. Finally, Traynor Capital Management Inc. increased its position in Taiwan Semiconductor Manufacturing by 3.4% during the 4th quarter. Traynor Capital Management Inc. now owns 1,566 shares of the semiconductor company’s stock worth $309,000 after purchasing an additional 52 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Down 0.5 %

TSM opened at $176.58 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week 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 firm has a market capitalization of $915.81 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 0.66 and a beta of 1.13. The company’s 50 day moving average price is $195.68 and its two-hundred day moving average price is $192.33.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays upped their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

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.