Schechter Investment Advisors LLC Has $4.65 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Schechter Investment Advisors LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,560 shares of the semiconductor company’s stock after selling 3,737 shares during the period. Schechter Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,653,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Nisa Investment Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 5.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,817 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 100 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Taiwan Semiconductor Manufacturing by 3.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,408 shares of the semiconductor company’s stock worth $418,000 after purchasing an additional 71 shares during the last quarter. Argonautica Private Wealth Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.6% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 6,146 shares of the semiconductor company’s stock worth $1,067,000 after purchasing an additional 95 shares during the period. Princeton Global Asset Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 3.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 101,959 shares of the semiconductor company’s stock worth $17,707,000 after purchasing an additional 2,941 shares during the period. Finally, Private Wealth Partners LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 18.6% in the 3rd quarter. Private Wealth Partners LLC now owns 2,545 shares of the semiconductor company’s stock valued at $442,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 0.5 %

Shares of NYSE:TSM opened at $180.10 on Monday. The firm has a market cap of $934.05 billion, a P/E ratio of 25.58, 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. The business’s 50 day simple moving average is $204.74 and its two-hundred day simple moving average is $191.74. 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 (NYSE:TSM) last posted 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 net margin of 40.51% and a return on equity of 30.47%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 31.11%.

Analysts Set New Price Targets

TSM has been the subject of a number of analyst reports. Barclays lifted their target price 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 reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

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.