Clear Harbor Asset Management LLC Reduces Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Clear Harbor Asset Management LLC trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,561 shares of the semiconductor company’s stock after selling 2,228 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $7,565,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atlantic Edge Private Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. Olistico Wealth LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at about $27,000. NewSquare Capital LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at about $29,000. Finally, Fairscale Capital LLC bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at about $32,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $203.44 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $178.19 and a 200-day simple moving average of $166.30. The company has a market cap of $1.06 trillion, a PE ratio of 38.75, a P/E/G ratio of 0.96 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.95 and a 12-month high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.4871 per share. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a dividend yield of 0.96%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 36.95%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $209.00.

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.