Bfsg LLC Cuts Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bfsg LLC reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,412 shares of the semiconductor company’s stock after selling 3,856 shares during the period. Bfsg LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $5,216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GAM Holding AG raised its stake in shares of Taiwan Semiconductor Manufacturing by 4.5% in the fourth quarter. GAM Holding AG now owns 73,131 shares of the semiconductor company’s stock worth $14,443,000 after purchasing an additional 3,181 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 1.5% in the 4th quarter. Venturi Wealth Management LLC now owns 21,791 shares of the semiconductor company’s stock worth $4,303,000 after buying an additional 330 shares in the last quarter. Empower Advisory Group LLC raised its position in Taiwan Semiconductor Manufacturing by 1.2% in the 4th quarter. Empower Advisory Group LLC now owns 4,704 shares of the semiconductor company’s stock worth $929,000 after buying an additional 58 shares during the last quarter. Truist Financial Corp lifted its stake in Taiwan Semiconductor Manufacturing by 1.8% during the 4th quarter. Truist Financial Corp now owns 421,463 shares of the semiconductor company’s stock valued at $83,235,000 after acquiring an additional 7,307 shares during the period. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 16.4% during the 4th quarter. Pittenger & Anderson Inc. now owns 67,832 shares of the semiconductor company’s stock valued at $13,396,000 after acquiring an additional 9,543 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TSM. Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Barclays raised their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 1.0 %

TSM stock opened at $203.77 on Tuesday. The firm has a market cap of $1.06 trillion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 0.70 and a beta of 1.06. The firm has a fifty day moving average price of $205.26 and a 200 day moving average price of $189.38. 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 $122.91 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed 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 represents a $2.74 annualized dividend and a dividend yield of 1.35%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.27%.

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.