Cabot Wealth Management Inc. Lowers Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cabot Wealth Management Inc. reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,671 shares of the semiconductor company’s stock after selling 2,718 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 2.7% of Cabot Wealth Management Inc.’s holdings, making the stock its 5th largest holding. Cabot Wealth Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $21,304,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TSM. RDA Financial Network grew its position in Taiwan Semiconductor Manufacturing by 166.2% during the 3rd quarter. RDA Financial Network now owns 10,183 shares of the semiconductor company’s stock worth $1,768,000 after acquiring an additional 6,358 shares during the last quarter. Trust Co. of Oklahoma grew its position in Taiwan Semiconductor Manufacturing by 4.4% during the 3rd quarter. Trust Co. of Oklahoma now owns 5,464 shares of the semiconductor company’s stock worth $949,000 after acquiring an additional 229 shares during the last quarter. Ulland Investment Advisors LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $58,000. Boomfish Wealth Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $886,000. Finally, Michael S. Ryan Inc. grew its position in Taiwan Semiconductor Manufacturing by 3.1% during the 3rd quarter. Michael S. Ryan Inc. now owns 3,339 shares of the semiconductor company’s stock worth $580,000 after acquiring an additional 99 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Trading Down 2.6 %

Shares of TSM stock traded down $5.08 during trading hours on Tuesday, reaching $187.13. The company had a trading volume of 20,786,725 shares, compared to its average volume of 15,348,902. The company has a 50 day moving average of $172.53 and a 200 day moving average of $162.86. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21. The firm has a market cap of $970.53 billion, a price-to-earnings ratio of 33.40, a P/E/G ratio of 1.09 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.95 and a 1-year high of $194.25.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The company 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 firm’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 EPS. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 35.24%.

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.