Denver PWM LLC Sells 134 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Denver PWM LLC lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 427 shares of the semiconductor company’s stock after selling 134 shares during the quarter. Denver PWM LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $84,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TSM. AMF Tjanstepension AB lifted its position in shares of Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after purchasing an additional 70,057 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 23,351.0% in the third quarter. International Assets Investment Management LLC now owns 1,027,624 shares of the semiconductor company’s stock worth $178,467,000 after purchasing an additional 1,023,242 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 24.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 10,144 shares of the semiconductor company’s stock worth $1,769,000 after purchasing an additional 2,020 shares in the last quarter. Dakota Wealth Management lifted its position in shares of Taiwan Semiconductor Manufacturing by 12.6% in the third quarter. Dakota Wealth Management now owns 8,703 shares of the semiconductor company’s stock worth $1,511,000 after purchasing an additional 972 shares in the last quarter. Finally, Busey Bank lifted its position in shares of Taiwan Semiconductor Manufacturing by 18.2% in the third quarter. Busey Bank now owns 2,658 shares of the semiconductor company’s stock worth $462,000 after purchasing an additional 410 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $198.40 on Friday. 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 firm’s fifty day moving average price is $205.80 and its two-hundred day moving average price is $190.82. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $125.78 and a one year high of $226.40. The company has a market cap of $1.03 trillion, a P/E ratio of 28.18, a P/E/G ratio of 0.66 and a beta of 1.06.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 annualized dividend and a dividend yield of 1.38%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TSM. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $220.00.

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.