Integrated Wealth Concepts LLC Sells 1,019 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Integrated Wealth Concepts LLC reduced its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,560 shares of the semiconductor company’s stock after selling 1,019 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $8,433,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC grew its position in Taiwan Semiconductor Manufacturing by 9.0% in the second quarter. CWM LLC now owns 27,554 shares of the semiconductor company’s stock worth $4,789,000 after acquiring an additional 2,280 shares in the last quarter. NBC Securities Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 40.4% in the 2nd quarter. NBC Securities Inc. now owns 5,973 shares of the semiconductor company’s stock worth $1,038,000 after purchasing an additional 1,720 shares in the last quarter. Simplicity Wealth LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 6.6% during the 2nd quarter. Simplicity Wealth LLC now owns 42,454 shares of the semiconductor company’s stock valued at $7,379,000 after purchasing an additional 2,617 shares during the last quarter. Csenge Advisory Group raised its holdings in shares of Taiwan Semiconductor Manufacturing by 42.6% during the 2nd quarter. Csenge Advisory Group now owns 6,258 shares of the semiconductor company’s stock valued at $1,088,000 after buying an additional 1,871 shares in the last quarter. Finally, Abacus Wealth Partners LLC lifted its position in Taiwan Semiconductor Manufacturing by 8.8% in the 2nd quarter. Abacus Wealth Partners LLC now owns 2,612 shares of the semiconductor company’s stock worth $454,000 after buying an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 2.3 %

Shares of TSM opened at $198.89 on Wednesday. The stock has a market capitalization of $1.03 trillion, a P/E ratio of 31.87, a PEG ratio of 0.90 and a beta of 1.09. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $95.25 and a twelve month high of $212.60. 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 has a fifty day simple moving average of $189.90 and a two-hundred day simple moving average of $175.95.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $22.72 billion. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced 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 represents a $2.19 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

Analysts Set New Price Targets

A number of research analysts have commented on TSM shares. Barclays increased their price target 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, November 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Needham & Company LLC restated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, Susquehanna reaffirmed 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. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

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.