180 Wealth Advisors LLC Reduces Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

180 Wealth Advisors LLC lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,671 shares of the semiconductor company’s stock after selling 155 shares during the period. Taiwan Semiconductor Manufacturing makes up about 0.7% of 180 Wealth Advisors LLC’s holdings, making the stock its 29th biggest position. 180 Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,037,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TSM. CapWealth Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 21.1% during the 4th quarter. CapWealth Advisors LLC now owns 122,310 shares of the semiconductor company’s stock worth $12,720,000 after acquiring an additional 21,329 shares during the period. Dodge & Cox bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $6,396,000. Fisher Asset Management LLC increased its holdings in Taiwan Semiconductor Manufacturing by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 31,079,682 shares of the semiconductor company’s stock worth $3,232,287,000 after acquiring an additional 442,289 shares during the period. Aigen Investment Management LP bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $553,000. Finally, Credit Capital Investments LLC increased its holdings in Taiwan Semiconductor Manufacturing by 9.4% during the 4th quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock worth $6,032,000 after acquiring an additional 5,000 shares during the period. Institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TSM. Sanford C. Bernstein boosted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Susquehanna boosted their price target on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday, June 17th. Finally, TD Cowen boosted their price target on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.60.

Taiwan Semiconductor Manufacturing Trading Up 2.1 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $3.61 during trading on Friday, reaching $175.24. The company’s stock had a trading volume of 5,074,683 shares, compared to its average volume of 15,064,534. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $184.86. The company has a market cap of $908.87 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.18 and a beta of 1.11. The firm’s 50-day moving average is $154.04 and its two-hundred day moving average is $133.84. The company has a quick ratio of 2.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The company had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.38 billion. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.4865 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.95 annualized dividend and a yield of 1.11%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 32.76%.

About Taiwan Semiconductor Manufacturing

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.