Sterling Financial Group Inc. Has $205,000 Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sterling Financial Group Inc. lowered its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 26.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,037 shares of the semiconductor company’s stock after selling 374 shares during the quarter. Sterling Financial Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Empirical Asset Management LLC raised its position in Taiwan Semiconductor Manufacturing by 979.4% during the 4th quarter. Empirical Asset Management LLC now owns 113,539 shares of the semiconductor company’s stock worth $22,423,000 after purchasing an additional 103,020 shares during the last quarter. Central Valley Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 29.5% in the fourth quarter. Central Valley Advisors LLC now owns 2,390 shares of the semiconductor company’s stock valued at $472,000 after buying an additional 545 shares during the period. Cypress Wealth Services LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 11.4% during the fourth quarter. Cypress Wealth Services LLC now owns 1,966 shares of the semiconductor company’s stock worth $388,000 after acquiring an additional 201 shares during the last quarter. JGP Wealth Management LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 29.0% in the fourth quarter. JGP Wealth Management LLC now owns 3,083 shares of the semiconductor company’s stock worth $609,000 after acquiring an additional 694 shares during the period. Finally, Ritholtz Wealth Management boosted its holdings in Taiwan Semiconductor Manufacturing by 3.3% in the fourth quarter. Ritholtz Wealth Management now owns 69,671 shares of the semiconductor company’s stock valued at $13,759,000 after acquiring an additional 2,256 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 4.0 %

Taiwan Semiconductor Manufacturing stock opened at $215.06 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.12 trillion, a PE ratio of 34.46, a PEG ratio of 0.76 and a beta of 1.07. The firm’s fifty day moving average is $197.53 and its 200 day moving average is $183.96. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $100.00 and a 12-month high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data 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 39.10% and a return on equity of 27.44%. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Finally, Barclays increased 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.00.

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.