Nicola Wealth Management LTD. Trims Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Nicola Wealth Management LTD. cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 26.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,000 shares of the semiconductor company’s stock after selling 24,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Taiwan Semiconductor Manufacturing were worth $13,232,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Bedel Financial Consulting Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 10.3% during the fourth quarter. Bedel Financial Consulting Inc. now owns 2,009 shares of the semiconductor company’s stock valued at $419,000 after buying an additional 188 shares during the period. Gryphon Financial Partners LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 4,599 shares of the semiconductor company’s stock valued at $908,000 after buying an additional 101 shares during the period. Detalus Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $286,000. Sage Rhino Capital LLC grew its stake in Taiwan Semiconductor Manufacturing by 2.3% in the fourth quarter. Sage Rhino Capital LLC now owns 3,939 shares of the semiconductor company’s stock worth $778,000 after purchasing an additional 87 shares during the period. Finally, Keystone Wealth Services LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth $225,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSM has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Barclays upped their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Down 4.2 %

NYSE TSM opened at $173.00 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40. The stock has a market cap of $897.25 billion, a P/E ratio of 24.57, a P/E/G ratio of 0.66 and a beta of 1.06. The stock’s fifty day moving average price is $204.06 and its 200-day moving average price is $191.73. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

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 return on equity of 30.47% and a net margin of 40.51%. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.11%.

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.