Frank Rimerman Advisors LLC Lowers Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Frank Rimerman Advisors LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 36.9% during the 4th quarter, HoldingsChannel reports. The firm owned 53,138 shares of the semiconductor company’s stock after selling 31,111 shares during the period. Taiwan Semiconductor Manufacturing accounts for 0.8% of Frank Rimerman Advisors LLC’s portfolio, making the stock its 19th biggest position. Frank Rimerman Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $10,494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TSM. Clearstead Trust LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 15.7% in the fourth quarter. Clearstead Trust LLC now owns 8,552 shares of the semiconductor company’s stock valued at $1,689,000 after buying an additional 1,160 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $358,000. Picton Mahoney Asset Management boosted its stake in shares of Taiwan Semiconductor Manufacturing by 17.2% in the fourth quarter. Picton Mahoney Asset Management now owns 82,789 shares of the semiconductor company’s stock valued at $16,351,000 after buying an additional 12,151 shares in the last quarter. United Capital Management of KS Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.9% in the fourth quarter. United Capital Management of KS Inc. now owns 3,840 shares of the semiconductor company’s stock valued at $758,000 after buying an additional 180 shares in the last quarter. Finally, Wellington Shields & Co. LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 75.7% in the fourth quarter. Wellington Shields & Co. LLC now owns 5,272 shares of the semiconductor company’s stock valued at $1,041,000 after buying an additional 2,272 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSM has been the topic of a number of analyst reports. Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $174.16 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The stock has a market cap of $903.29 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The business has a fifty day moving average of $199.22 and a 200-day moving average of $191.72. 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 (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, analysts predict 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 declared 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 1.57%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 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.