Abundance Wealth Counselors Sells 290 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Abundance Wealth Counselors lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,476 shares of the semiconductor company’s stock after selling 290 shares during the quarter. Abundance Wealth Counselors’ holdings in Taiwan Semiconductor Manufacturing were worth $489,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Reston Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter worth $25,000. Sugarloaf Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 77.1% in the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after buying an additional 81 shares during the period. Archer Investment Corp boosted its position in Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 62 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $40,000. Finally, American Capital Advisory LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $38,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 0.5 %

Shares of NYSE:TSM opened at $209.28 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $112.61 and a 52-week high of $226.40. The stock has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 29.73, a PEG ratio of 0.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The stock’s 50-day simple moving average is $202.44 and its two-hundred day simple moving average is $186.32.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) 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%. Analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Analyst Ratings Changes

TSM has been the topic of a number of recent research reports. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Finally, Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

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.