Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,792 shares of the semiconductor company’s stock after selling 644 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TSM. Pinnacle Financial Partners Inc bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $287,000. Farmers & Merchants Investments Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $31,000. Householder Group Estate & Retirement Specialist LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 61.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 840 shares of the semiconductor company’s stock valued at $87,000 after buying an additional 320 shares during the last quarter. Trust Point Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $703,000. Finally, Ballentine Partners LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 32.5% during the 4th quarter. Ballentine Partners LLC now owns 28,069 shares of the semiconductor company’s stock valued at $2,919,000 after buying an additional 6,888 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Susquehanna upped their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $250.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. Needham & Company LLC upped their target price on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Finally, Sanford C. Bernstein upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 5.3 %

Shares of TSM stock traded down $8.32 during trading hours on Friday, reaching $149.86. 31,095,265 shares of the stock traded hands, compared to its average volume of 21,681,786. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $84.01 and a 1-year high of $193.47. The business has a fifty day moving average price of $169.82 and a 200 day moving average price of $147.18. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $777.24 billion, a PE ratio of 28.54, a PEG ratio of 0.94 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.89%. The business had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The firm’s revenue was up 34.6% compared to the same quarter last year. On average, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.37 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a $0.4865 dividend. This represents a $1.95 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.57%.

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.