Avior Wealth Management LLC Sells 103 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Avior Wealth Management LLC lowered its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,603 shares of the semiconductor company’s stock after selling 103 shares during the period. Avior Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,494,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TSM. West Family Investments Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 7.5% in the 3rd quarter. West Family Investments Inc. now owns 20,525 shares of the semiconductor company’s stock worth $3,565,000 after acquiring an additional 1,424 shares during the last quarter. Parnassus Investments LLC increased its holdings in Taiwan Semiconductor Manufacturing by 0.7% during the 3rd quarter. Parnassus Investments LLC now owns 485,155 shares of the semiconductor company’s stock worth $84,257,000 after purchasing an additional 3,211 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $65,676,000. FWG Holdings LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.6% during the third quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock valued at $539,000 after buying an additional 50 shares during the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its position in Taiwan Semiconductor Manufacturing by 18.1% in the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 35,133 shares of the semiconductor company’s stock valued at $6,102,000 after buying an additional 5,397 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $188.41 on Thursday. The company has a market cap of $977.17 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 0.87 and a beta of 1.12. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The firm’s 50-day simple moving average is $187.19 and its two-hundred day simple moving average is $173.23. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $95.25 and a 52 week high of $212.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $22.72 billion. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.84 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, April 10th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.16%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $214.00.

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.