Callan Capital LLC Trims Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Callan Capital LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 26.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,627 shares of the semiconductor company’s stock after selling 1,635 shares during the quarter. Callan Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $914,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TSM. Accel Wealth Management increased its stake in shares of Taiwan Semiconductor Manufacturing by 2.5% in the 4th quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company’s stock worth $402,000 after acquiring an additional 49 shares in the last quarter. FWG Holdings LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock worth $539,000 after acquiring an additional 50 shares in the last quarter. Elmwood Wealth Management Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% in the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock worth $277,000 after acquiring an additional 50 shares in the last quarter. WP Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% in the 4th quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company’s stock worth $843,000 after acquiring an additional 50 shares in the last quarter. Finally, Gilman Hill Asset Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock worth $319,000 after acquiring an additional 52 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $198.40 on Friday. The firm’s 50-day moving average price is $205.80 and its 200-day moving average price is $190.57. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.03 trillion, a PE ratio of 28.18, a PEG ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.27%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

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.