Angeles Investment Advisors LLC Decreases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Angeles Investment Advisors LLC lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,518 shares of the semiconductor company’s stock after selling 797 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,683,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Accel Wealth Management grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.5% during the 4th quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company’s stock worth $402,000 after purchasing an additional 49 shares during the period. Elmwood Wealth Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.7% during the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock worth $277,000 after purchasing an additional 50 shares during the period. WP Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% during the 4th quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company’s stock worth $843,000 after purchasing an additional 50 shares during the period. Gilman Hill Asset Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% during the 4th quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 52 shares during the period. Finally, Traynor Capital Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.4% during the 4th quarter. Traynor Capital Management Inc. now owns 1,566 shares of the semiconductor company’s stock worth $309,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $176.58 on Monday. The business’s 50 day moving average is $195.68 and its two-hundred day moving average is $192.33. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40. The firm has a market cap of $915.81 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 0.66 and a beta of 1.13. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.55%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 30.68%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TSM shares. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Company 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.