Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Private Trust Co. NA

Private Trust Co. NA reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,561 shares of the semiconductor company’s stock after selling 220 shares during the quarter. Private Trust Co. NA’s holdings in Taiwan Semiconductor Manufacturing were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the second quarter worth about $25,000. Reston Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $25,000. Olistico Wealth LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $27,000. Valley Wealth Managers Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $27,000. Finally, NewSquare Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $29,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TSM shares. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Needham & Company LLC restated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 1.4 %

Taiwan Semiconductor Manufacturing stock opened at $181.19 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a market capitalization of $939.73 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 0.85 and a beta of 1.12. The business has a 50 day simple moving average of $188.85 and a 200-day simple moving average of $174.71. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $22.72 billion. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.21%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 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.