Latitude Advisors LLC Reduces Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Latitude Advisors LLC lessened its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,240 shares of the semiconductor company’s stock after selling 90 shares during the quarter. Latitude Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $640,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Sovran Advisors LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $723,000. Compound Global Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $722,000. Stonebridge Financial Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $25,000. Essex Financial Services Inc. grew its position in Taiwan Semiconductor Manufacturing by 0.8% during the 4th quarter. Essex Financial Services Inc. now owns 9,688 shares of the semiconductor company’s stock worth $1,913,000 after purchasing an additional 77 shares during the period. Finally, Focus Financial Network Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.6% in the 4th quarter. Focus Financial Network Inc. now owns 4,214 shares of the semiconductor company’s stock valued at $832,000 after buying an additional 108 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on TSM. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two equities 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 stock has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $207.85 on Tuesday. The company has a market cap of $1.08 trillion, a price-to-earnings ratio of 29.52, a PEG ratio of 0.70 and a beta of 1.06. The firm’s fifty day simple moving average is $204.71 and its two-hundred day simple moving average is $187.79. 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 Company Limited has a 52-week low of $122.91 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating 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%. Equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.06%. 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. Taiwan Semiconductor Manufacturing’s dividend 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.