Graypoint LLC Has $524,000 Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Graypoint LLC reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,653 shares of the semiconductor company’s stock after selling 431 shares during the quarter. Graypoint LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $524,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $27,000. Fairscale Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $32,000. Sugarloaf Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 77.1% during the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 81 shares in the last quarter. Finally, Archer Investment Corp increased its holdings in shares of Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 62 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TSM has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays increased their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 0.6 %

Shares of NYSE:TSM opened at $208.39 on Friday. The stock has a market capitalization of $1.08 trillion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 0.93 and a beta of 1.07. The company’s 50-day moving average price is $196.94 and its two-hundred day moving average price is $183.31. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $99.99 and a one year high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.05%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 35.10%.

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.