Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Raub Brock Capital Management LP

Raub Brock Capital Management LP lessened its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 131,326 shares of the semiconductor company’s stock after selling 5,110 shares during the quarter. Taiwan Semiconductor Manufacturing comprises 5.0% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 3rd biggest holding. Raub Brock Capital Management LP’s holdings in Taiwan Semiconductor Manufacturing were worth $22,826,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TSM. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $25,000. Olistico Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at approximately $27,000. NewSquare Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $29,000. First Community Trust NA purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth approximately $33,000. Finally, LifeSteps Financial Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter worth approximately $27,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Susquehanna reissued a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. TD Cowen boosted their price target on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Needham & Company LLC boosted their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Sanford C. Bernstein raised their price target on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock traded down $6.88 during trading on Friday, reaching $156.82. 14,964,411 shares of the company were exchanged, compared to its average volume of 12,454,126. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The stock’s 50 day moving average price is $169.79 and its 200 day moving average price is $155.29. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $193.47. The company has a market cap of $813.33 billion, a P/E ratio of 29.87, a PEG ratio of 0.94 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.37 by $0.11. The business had revenue of $20.82 billion for the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. During the same quarter in the previous year, the company earned $1.14 EPS. The company’s quarterly revenue was up 34.6% on a year-over-year basis. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 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, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.24%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 37.52%.

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.