Sivia Capital Partners LLC Sells 267 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sivia Capital Partners LLC lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,547 shares of the semiconductor company’s stock after selling 267 shares during the quarter. Taiwan Semiconductor Manufacturing makes up approximately 1.0% of Sivia Capital Partners LLC’s portfolio, making the stock its 19th biggest holding. Sivia Capital Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,435,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Toth Financial Advisory Corp lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 1st quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock worth $311,000 after purchasing an additional 74 shares during the period. Physician Wealth Advisors Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.0% in the first quarter. Physician Wealth Advisors Inc. now owns 3,081 shares of the semiconductor company’s stock valued at $431,000 after acquiring an additional 90 shares in the last quarter. Avestar Capital LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1.8% in the 4th quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock valued at $567,000 after acquiring an additional 95 shares during the period. Mather Group LLC. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% during the fourth quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after buying an additional 96 shares during the period. Finally, Benjamin Edwards Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 2.3% in the 4th quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock worth $441,000 after buying an additional 96 shares during the period. Institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TSM. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a research note on Monday, June 17th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. TD Cowen increased their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $173.60.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded up $5.34 during mid-day trading on Wednesday, hitting $181.04. The company’s stock had a trading volume of 7,510,641 shares, compared to its average volume of 14,984,461. The company has a market capitalization of $938.95 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 1.19 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.01 and a fifty-two week high of $184.86. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average of $157.45 and a 200-day moving average of $136.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be issued 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 1.07%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

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.