Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 161,481 shares of the semiconductor company’s stock after selling 10,219 shares during the period. Orion Portfolio Solutions LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $28,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TSM. Capital Investment Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 9.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 2,604 shares of the semiconductor company’s stock worth $453,000 after purchasing an additional 235 shares during the last quarter. Gateway Investment Advisers LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth $325,000. Cypress Wealth Services LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 13.5% in the second quarter. Cypress Wealth Services LLC now owns 1,767 shares of the semiconductor company’s stock valued at $307,000 after acquiring an additional 210 shares in the last quarter. Ignite Planners LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at $330,000. Finally, MJP Associates Inc. ADV boosted its stake in shares of Taiwan Semiconductor Manufacturing by 7.8% during the second quarter. MJP Associates Inc. ADV now owns 3,391 shares of the semiconductor company’s stock valued at $589,000 after acquiring an additional 245 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Down 0.7 %

Shares of TSM stock opened at $202.97 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $97.89 and a 1-year high of $212.60. The firm’s 50-day simple moving average is $190.61 and its 200-day simple moving average is $176.32. The firm has a market cap of $1.05 trillion, a P/E ratio of 32.53, a PEG ratio of 0.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The company had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

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.