SeaCrest Wealth Management LLC Cuts Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

SeaCrest Wealth Management LLC lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,487 shares of the semiconductor company’s stock after selling 1,110 shares during the period. SeaCrest Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. Congress Wealth Management LLC DE grew its holdings in Taiwan Semiconductor Manufacturing by 2.2% during the third quarter. Congress Wealth Management LLC DE now owns 30,905 shares of the semiconductor company’s stock valued at $2,686,000 after purchasing an additional 671 shares during the period. UniSuper Management Pty Ltd purchased a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $39,611,000. Metropolis Capital Ltd raised its stake in Taiwan Semiconductor Manufacturing by 21.0% in the 3rd quarter. Metropolis Capital Ltd now owns 1,136,061 shares of the semiconductor company’s stock valued at $98,724,000 after acquiring an additional 196,867 shares during the period. LGT Capital Partners LTD. lifted its holdings in Taiwan Semiconductor Manufacturing by 4.4% during the third quarter. LGT Capital Partners LTD. now owns 1,554,790 shares of the semiconductor company’s stock valued at $135,111,000 after purchasing an additional 65,220 shares during the last quarter. Finally, Naples Global Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.0% in the third quarter. Naples Global Advisors LLC now owns 110,356 shares of the semiconductor company’s stock worth $9,640,000 after purchasing an additional 1,085 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM traded down $0.64 during mid-day trading on Friday, reaching $136.05. The stock had a trading volume of 10,019,364 shares, compared to its average volume of 19,151,932. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $81.21 and a one year high of $158.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40. The firm has a 50 day moving average price of $129.10 and a two-hundred day moving average price of $106.99. The stock has a market capitalization of $705.61 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.04 and a beta of 1.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.07. The business had revenue of $19.62 billion during the quarter, compared to analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. As a group, analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a $0.4408 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.30%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 33.78%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Needham & Company LLC boosted their target price on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a report on Friday, January 19th. Barclays boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. TD Cowen raised their price target on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a report on Friday, January 12th. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Tuesday, February 13th. Finally, StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.25.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.