Leonard Rickey Investment Advisors P.L.L.C. Trims Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Leonard Rickey Investment Advisors P.L.L.C. lowered its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,930 shares of the semiconductor company’s stock after selling 65 shares during the period. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Taiwan Semiconductor Manufacturing were worth $381,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TSM. Private Client Services LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $201,000. Trust Co of the South grew its stake in Taiwan Semiconductor Manufacturing by 232.8% during the fourth quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock valued at $1,752,000 after acquiring an additional 6,204 shares in the last quarter. Headwater Capital Co Ltd bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $49,372,000. NRI Wealth Management LC purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth $1,545,000. Finally, FNY Investment Advisers LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 194.2% during the 4th quarter. FNY Investment Advisers LLC now owns 16,115 shares of the semiconductor company’s stock valued at $3,182,000 after purchasing an additional 10,637 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $211.52 on Tuesday. The firm has a market capitalization of $1.10 trillion, a PE ratio of 30.05, a PEG ratio of 0.71 and a beta of 1.07. The stock’s fifty day moving average is $198.02 and its 200 day moving average is $184.52. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $109.48 and a fifty-two week high of $222.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 8.98 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.04%. 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 27.27%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TSM shares. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Company 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.