RNC Capital Management LLC decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,923 shares of the semiconductor company’s stock after selling 4,245 shares during the period. RNC Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $9,587,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. TRUE Private Wealth Advisors purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $26,000. Prospera Financial Services Inc purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $28,000. Moser Wealth Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $29,000. Firestone Capital Management boosted its position in shares of Taiwan Semiconductor Manufacturing by 322.6% during the 3rd quarter. Firestone Capital Management now owns 393 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 300 shares during the period. Finally, Fortis Group Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $38,000. 18.52% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on TSM. Sanford C. Bernstein raised shares of Taiwan Semiconductor Manufacturing from a “market perform” rating to an “outperform” rating and set a $149.00 price objective for the company in a research report on Tuesday. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Thursday, January 7th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $105.00.

TSM stock traded down $3.77 during midday trading on Wednesday, hitting $119.23. The company’s stock had a trading volume of 20,411,883 shares, compared to its average volume of 13,971,159. The company has a quick ratio of 1.26, a current ratio of 1.40 and a debt-to-equity ratio of 0.06. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $42.70 and a 52-week high of $126.29. The firm has a market capitalization of $618.34 billion, a P/E ratio of 37.73, a PEG ratio of 1.18 and a beta of 0.93. The firm has a 50-day simple moving average of $106.83 and a 200-day simple moving average of $86.79.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, October 15th. The semiconductor company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.02). Taiwan Semiconductor Manufacturing had a net margin of 37.94% and a return on equity of 29.40%. The business had revenue of $12.14 billion during the quarter, compared to analysts’ expectations of $12.50 billion. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 3.48 earnings per share for the current fiscal year.

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, March 18th will be given a dividend of $0.3463 per share. The ex-dividend date of this dividend is Wednesday, March 17th. This represents a dividend yield of 1.5%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 65.12%.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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