FourThought Financial Partners LLC Has $9.54 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

FourThought Financial Partners LLC lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,304 shares of the semiconductor company’s stock after selling 1,236 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 1.0% of FourThought Financial Partners LLC’s investment portfolio, making the stock its 29th biggest position. FourThought Financial Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $9,540,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB boosted its stake in Taiwan Semiconductor Manufacturing by 4.8% during the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after buying an additional 70,057 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 14.1% during the third quarter. J.W. Cole Advisors Inc. now owns 7,858 shares of the semiconductor company’s stock valued at $1,365,000 after acquiring an additional 969 shares during the period. KP Management LLC grew its holdings in Taiwan Semiconductor Manufacturing by 25.0% during the 3rd quarter. KP Management LLC now owns 37,500 shares of the semiconductor company’s stock worth $6,513,000 after acquiring an additional 7,500 shares during the period. Inscription Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth about $351,000. Finally, Concord Wealth Partners increased its position in shares of Taiwan Semiconductor Manufacturing by 103.7% in the 3rd quarter. Concord Wealth Partners now owns 717 shares of the semiconductor company’s stock valued at $125,000 after buying an additional 365 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $191.54 on Tuesday. The company has a market capitalization of $993.38 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 0.66 and a beta of 1.06. The stock has a fifty day simple moving average of $205.59 and a 200 day simple moving average of $191.26. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (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 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.43%. 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 is presently 31.11%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TSM. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. 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 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.