Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,254 shares of the semiconductor company’s stock after selling 56 shares during the period. Checchi Capital Advisers LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,223,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Impact Investors Inc acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $1,590,000. Argonautica Private Wealth Management Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 9.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,757 shares of the semiconductor company’s stock valued at $1,334,000 after acquiring an additional 611 shares in the last quarter. Denali Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.5% during the fourth quarter. Denali Advisors LLC now owns 14,764 shares of the semiconductor company’s stock worth $2,916,000 after buying an additional 496 shares during the period. Lake Street Advisors Group LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 56.1% in the 4th quarter. Lake Street Advisors Group LLC now owns 15,277 shares of the semiconductor company’s stock valued at $3,025,000 after purchasing an additional 5,491 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 22.9% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 6,611 shares of the semiconductor company’s stock worth $1,306,000 after acquiring an additional 1,232 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TSM shares. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, February 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $189.36 on Wednesday. The firm has a market capitalization of $982.12 billion, a PE ratio of 26.90, a P/E/G ratio of 0.66 and a beta of 1.06. The firm has a 50-day moving average of $205.36 and a two-hundred day moving average of $191.41. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.6855 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.45%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.11%.

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.