Modern Wealth Management LLC Trims Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Modern Wealth Management LLC trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,149 shares of the semiconductor company’s stock after selling 1,002 shares during the period. Modern Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,487,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TSM. Larson Financial Group LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 153.4% during the third quarter. Larson Financial Group LLC now owns 2,035 shares of the semiconductor company’s stock worth $353,000 after purchasing an additional 1,232 shares in the last quarter. Summit Trail Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 51.9% during the 3rd quarter. Summit Trail Advisors LLC now owns 3,839 shares of the semiconductor company’s stock valued at $669,000 after buying an additional 1,311 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 7.4% during the third quarter. Daiwa Securities Group Inc. now owns 23,148 shares of the semiconductor company’s stock valued at $4,021,000 after buying an additional 1,600 shares during the last quarter. Independent Advisor Alliance lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 13.7% in the third quarter. Independent Advisor Alliance now owns 23,846 shares of the semiconductor company’s stock worth $4,141,000 after buying an additional 2,865 shares in the last quarter. Finally, Boston Family Office LLC grew its stake in Taiwan Semiconductor Manufacturing by 70.0% during the third quarter. Boston Family Office LLC now owns 3,399 shares of the semiconductor company’s stock valued at $590,000 after acquiring an additional 1,399 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays upped their price objective 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. Finally, 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 Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 0.1 %

Shares of NYSE TSM opened at $180.92 on Wednesday. The stock has a 50 day moving average price of $194.86 and a 200 day moving average price of $192.62. The firm has a market capitalization of $938.33 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. 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 quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.52%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.68%.

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.