Rise Advisors LLC Reduces Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Rise Advisors LLC cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.6% in the fourth quarter, Holdings Channel reports. The firm owned 327 shares of the semiconductor company’s stock after selling 101 shares during the period. Rise Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $65,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Reston Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the third quarter worth $25,000. Valley Wealth Managers Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $27,000. Fairscale Capital LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $32,000. Sugarloaf Wealth Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 77.1% in the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 81 shares during the period. Finally, Archer Investment Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 48.1% during the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 62 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded down $6.88 on Tuesday, reaching $213.13. The stock had a trading volume of 12,125,165 shares, compared to its average volume of 14,370,863. The business’s 50-day moving average price is $195.75 and its two-hundred day moving average price is $182.34. 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 12-month low of $99.98 and a 12-month high of $222.20. The company has a market cap of $1.11 trillion, a P/E ratio of 34.16, a price-to-earnings-growth ratio of 0.93 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The company had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.03%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 35.10%.

Analysts Set New Price Targets

Several analysts have recently commented on TSM shares. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

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.