Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Boomfish Wealth Group LLC

Boomfish Wealth Group LLC reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,877 shares of the semiconductor company’s stock after selling 223 shares during the quarter. Boomfish Wealth Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $963,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oak Harvest Investment Services acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $212,000. Cibc World Market Inc. grew its position in Taiwan Semiconductor Manufacturing by 6.3% in the 4th quarter. Cibc World Market Inc. now owns 1,139,274 shares of the semiconductor company’s stock worth $224,995,000 after purchasing an additional 67,847 shares during the last quarter. Calton & Associates Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $205,000. Crews Bank & Trust bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $374,000. Finally, Capital Investment Advisory Services LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 14.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 3,788 shares of the semiconductor company’s stock worth $748,000 after buying an additional 476 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday. 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 stock currently has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $208.29 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $112.61 and a 52 week high of $226.40. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.08 trillion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 0.67 and a beta of 1.07. The company’s 50-day moving average price is $201.70 and its two-hundred day moving average price is $186.00.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.05%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 27.27%.

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.