Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,513 shares of the semiconductor company’s stock after selling 649 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,347,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TSM. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth $25,000. Valley Wealth Managers Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth about $27,000. Olistico Wealth LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $27,000. NewSquare Capital LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $29,000. Finally, Fairscale Capital LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth approximately $32,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 3.2 %

Shares of Taiwan Semiconductor Manufacturing stock traded down $6.51 during trading hours on Monday, reaching $196.93. 11,344,798 shares of the company’s stock were exchanged, compared to its average volume of 15,551,348. The firm has a market capitalization of $1.02 trillion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 0.98 and a beta of 1.14. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.95 and a 52-week high of $212.60. The company has a fifty day moving average of $178.19 and a 200-day moving average of $166.45.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 0.99%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $209.00.

About Taiwan Semiconductor Manufacturing

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.