RMR Wealth Builders Reduces Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

RMR Wealth Builders decreased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,548 shares of the semiconductor company’s stock after selling 304 shares during the quarter. RMR Wealth Builders’ holdings in Taiwan Semiconductor Manufacturing were worth $1,293,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Reston Wealth Management LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth $25,000. Valley Wealth Managers Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter worth about $27,000. Fairscale Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $32,000. Sugarloaf Wealth Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 77.1% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 81 shares during the period. Finally, Archer Investment Corp increased its holdings in Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 0.6 %

Shares of NYSE TSM traded up $1.27 during trading hours on Friday, reaching $208.39. The stock had a trading volume of 17,241,461 shares, compared to its average volume of 15,495,391. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $99.99 and a 52-week high of $222.20. The firm has a market cap of $1.08 trillion, a price-to-earnings ratio of 33.40, a P/E/G ratio of 0.93 and a beta of 1.07. The business’s fifty day moving average price is $196.64 and its two-hundred day moving average price is $182.95. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.05%. Taiwan Semiconductor Manufacturing’s payout ratio is 35.10%.

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.