Litman Gregory Wealth Management LLC Has $11.11 Million Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Litman Gregory Wealth Management LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 56,260 shares of the semiconductor company’s stock after selling 3,337 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $11,111,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TSM. Centaurus Financial Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 13.0% during the second quarter. Centaurus Financial Inc. now owns 12,859 shares of the semiconductor company’s stock worth $2,235,000 after buying an additional 1,482 shares during the period. Park National Corp OH raised its position in Taiwan Semiconductor Manufacturing by 3.0% in the 3rd quarter. Park National Corp OH now owns 2,473 shares of the semiconductor company’s stock valued at $429,000 after buying an additional 71 shares during the last quarter. AMF Tjanstepension AB lifted its stake in Taiwan Semiconductor Manufacturing by 4.8% in the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after acquiring an additional 70,057 shares in the last quarter. Capital Market Strategies LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 4.5% during the 3rd quarter. Capital Market Strategies LLC now owns 11,376 shares of the semiconductor company’s stock worth $1,976,000 after acquiring an additional 492 shares in the last quarter. Finally, Abacus Wealth Partners LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 20.4% in the third quarter. Abacus Wealth Partners LLC now owns 3,144 shares of the semiconductor company’s stock valued at $546,000 after purchasing an additional 532 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 0.5 %

Shares of TSM stock opened at $209.28 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $112.61 and a 12-month high of $226.40. The firm has a 50 day moving average price of $202.44 and a two-hundred day moving average price of $186.32. 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 $1.09 trillion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 0.67 and a beta of 1.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 9.12 earnings per share 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. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.05%. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

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.