Eagle Rock Investment Company LLC Sells 250 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Eagle Rock Investment Company LLC reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 55,169 shares of the semiconductor company’s stock after selling 250 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 1.8% of Eagle Rock Investment Company LLC’s portfolio, making the stock its 14th biggest position. Eagle Rock Investment Company LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $10,895,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Reston Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the third quarter worth about $25,000. Fairscale Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $32,000. Sugarloaf Wealth Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 77.1% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after buying an additional 81 shares during the last quarter. Archer Investment Corp boosted its stake 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 worth $33,000 after buying an additional 62 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 108.0% in the second quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 108 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 4.0 %

Shares of NYSE TSM opened at $215.06 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a market capitalization of $1.12 trillion, a PE ratio of 34.46, a P/E/G ratio of 0.76 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $100.00 and a one year high of $222.20. The business’s fifty day moving average price is $197.53 and its 200-day moving average price is $183.96.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. On average, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.02%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 30.77%.

Analysts Set New Price Targets

A number of brokerages recently commented on TSM. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $217.00.

Taiwan Semiconductor Manufacturing Company 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.