Marcum Wealth LLC Cuts Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Marcum Wealth LLC lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,474 shares of the semiconductor company’s stock after selling 293 shares during the quarter. Marcum Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,081,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Traveka Wealth LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 51.6% in the fourth quarter. Traveka Wealth LLC now owns 3,749 shares of the semiconductor company’s stock worth $740,000 after buying an additional 1,276 shares in the last quarter. FNY Investment Advisers LLC increased its stake in Taiwan Semiconductor Manufacturing by 194.2% in the 4th quarter. FNY Investment Advisers LLC now owns 16,115 shares of the semiconductor company’s stock worth $3,182,000 after acquiring an additional 10,637 shares during the last quarter. Parisi Gray Wealth Management raised its holdings in shares of Taiwan Semiconductor Manufacturing by 13.8% during the 4th quarter. Parisi Gray Wealth Management now owns 4,444 shares of the semiconductor company’s stock worth $878,000 after acquiring an additional 539 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 53.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 3,006 shares of the semiconductor company’s stock valued at $594,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Claro Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 39.2% in the fourth quarter. Claro Advisors LLC now owns 3,989 shares of the semiconductor company’s stock valued at $788,000 after purchasing an additional 1,124 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TSM shares. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Needham & Company LLC reaffirmed 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 target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 3.3 %

Shares of NYSE:TSM opened at $201.55 on Tuesday. The firm has a market capitalization of $1.05 trillion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 0.93 and a beta of 1.07. The business has a 50 day simple moving average of $197.14 and a two-hundred day simple moving average of $183.60. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $100.00 and a 1 year high of $222.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.09%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 35.10%.

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.