PFG Private Wealth Management LLC Cuts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

PFG Private Wealth Management LLC lessened its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,287 shares of the semiconductor company’s stock after selling 241 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 0.3% of PFG Private Wealth Management LLC’s investment portfolio, making the stock its 29th biggest holding. PFG Private Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. grew its stake in Taiwan Semiconductor Manufacturing by 9.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the semiconductor company’s stock valued at $255,000 after purchasing an additional 111 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 22.4% in the fourth quarter. Verdence Capital Advisors LLC now owns 16,184 shares of the semiconductor company’s stock valued at $3,196,000 after purchasing an additional 2,966 shares during the last quarter. Aigen Investment Management LP grew its stake in Taiwan Semiconductor Manufacturing by 1.5% in the fourth quarter. Aigen Investment Management LP now owns 9,028 shares of the semiconductor company’s stock valued at $1,783,000 after purchasing an additional 133 shares during the last quarter. Proficio Capital Partners LLC grew its stake in Taiwan Semiconductor Manufacturing by 29.8% in the fourth quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company’s stock valued at $369,000 after purchasing an additional 429 shares during the last quarter. Finally, M&T Bank Corp grew its stake in Taiwan Semiconductor Manufacturing by 1.6% in the fourth quarter. M&T Bank Corp now owns 245,699 shares of the semiconductor company’s stock valued at $48,523,000 after purchasing an additional 3,985 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $184.33 on Thursday. 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 Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The firm has a market capitalization of $956.03 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 0.66 and a beta of 1.06. The stock’s 50-day simple moving average is $203.09 and its 200-day simple moving average is $191.72.

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 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.49%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.11%.

Wall Street Analyst Weigh In

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