Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 36.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,138 shares of the semiconductor company’s stock after selling 31,111 shares during the period. Taiwan Semiconductor Manufacturing makes up 0.8% of Frank Rimerman Advisors LLC’s investment portfolio, making the stock its 19th largest position. Frank Rimerman Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $10,494,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Stonebridge Financial Group LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $25,000. Hopwood Financial Services Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $27,000. Roxbury Financial LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $29,000. Archer Investment Corp lifted its stake in Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares in the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

TSM has been the topic of several recent research reports. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, Barclays upped their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $174.16 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The firm has a market capitalization of $903.29 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The stock’s 50-day simple moving average is $199.22 and its 200-day simple moving average is $191.72.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping 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, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a yield of 1.57%. Taiwan Semiconductor Manufacturing’s payout ratio is 30.68%.

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.