Endowment Wealth Management Inc. Cuts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Endowment Wealth Management Inc. lowered its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,943 shares of the semiconductor company’s stock after selling 362 shares during the period. Endowment Wealth Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $25,000. Roxbury Financial LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $29,000. Archer Investment Corp boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 62 shares during the last quarter. OLD Second National Bank of Aurora boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 169.8% in the 3rd quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 146 shares during the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the subject of several analyst reports. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Finally, Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 3.7 %

TSM stock opened at $170.50 on Tuesday. The company has a current ratio of 2.57, a quick ratio of 2.30 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. The company’s 50 day moving average is $201.45 and its two-hundred day moving average is $191.93. The stock has a market cap of $884.28 billion, a P/E ratio of 24.22, a PEG ratio of 0.66 and a beta of 1.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) 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%. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share 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. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.68%.

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.