Park Place Capital Corp Sells 76 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Park Place Capital Corp lessened its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 804 shares of the semiconductor company’s stock after selling 76 shares during the quarter. Park Place Capital Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $159,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Dakota Wealth Management lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 99.4% during the fourth quarter. Dakota Wealth Management now owns 17,357 shares of the semiconductor company’s stock valued at $3,428,000 after acquiring an additional 8,654 shares during the period. XML Financial LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 2.0% during the 4th quarter. XML Financial LLC now owns 2,660 shares of the semiconductor company’s stock valued at $525,000 after purchasing an additional 53 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 16.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,117 shares of the semiconductor company’s stock valued at $419,000 after buying an additional 300 shares in the last quarter. Genesis Private Wealth LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $462,000. Finally, Simon Quick Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 15.6% during the fourth quarter. Simon Quick Advisors LLC now owns 6,581 shares of the semiconductor company’s stock worth $1,300,000 after buying an additional 888 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM opened at $223.33 on Thursday. The stock has a market capitalization of $1.16 trillion, a P/E ratio of 31.72, a P/E/G ratio of 0.72 and a beta of 1.07. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $112.61 and a 1-year high of $225.43. The business has a 50-day moving average price of $198.90 and a two-hundred day moving average price of $184.97.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share 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 predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 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 paid a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 0.98%. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Finally, 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 research note on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently 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.