Equitable Trust Co. Reduces Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Equitable Trust Co. lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMFree Report) by 16.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,959 shares of the semiconductor company’s stock after selling 774 shares during the period. Equitable Trust Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $344,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC bought a new position in Taiwan Semiconductor Manufacturing in the 2nd quarter worth $26,000. Baystate Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 1,333.3% in the 2nd quarter. Baystate Wealth Management LLC now owns 258 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 240 shares in the last quarter. Carolinas Wealth Consulting LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 334.8% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 287 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 221 shares in the last quarter. PCA Investment Advisory Services Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth about $29,000. Finally, Retirement Group LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 82.5% in the 2nd quarter. Retirement Group LLC now owns 334 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Susquehanna decreased their price target on shares of Taiwan Semiconductor Manufacturing from $135.00 to $130.00 in a research note on Monday, October 9th. TD Cowen increased their price target on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, January 12th. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. Needham & Company LLC increased their price target on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Finally, StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, December 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.75.

Read Our Latest Report on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

NYSE:TSM opened at $116.08 on Wednesday. The firm has a market cap of $602.01 billion, a P/E ratio of 22.41, a P/E/G ratio of 2.64 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.88 and a current ratio of 2.15. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $81.21 and a fifty-two week high of $118.85. The firm has a 50-day simple moving average of $103.52 and a two-hundred day simple moving average of $96.46.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.5415 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Monday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.47. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 29.54%.

About Taiwan Semiconductor Manufacturing

(Free Report)

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.

See Also

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

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