Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Guinness Atkinson Asset Management Inc

Guinness Atkinson Asset Management Inc cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,652 shares of the semiconductor company’s stock after selling 2,115 shares during the period. Taiwan Semiconductor Manufacturing accounts for about 4.9% of Guinness Atkinson Asset Management Inc’s portfolio, making the stock its largest holding. Guinness Atkinson Asset Management Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $9,608,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Private Client Services LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $201,000. Trust Co of the South increased its holdings in Taiwan Semiconductor Manufacturing by 232.8% in the 4th quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock valued at $1,752,000 after purchasing an additional 6,204 shares during the last quarter. Headwater Capital Co Ltd purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $49,372,000. NRI Wealth Management LC purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $1,545,000. Finally, FNY Investment Advisers LLC lifted its stake in Taiwan Semiconductor Manufacturing by 194.2% during the fourth quarter. FNY Investment Advisers LLC now owns 16,115 shares of the semiconductor company’s stock worth $3,182,000 after purchasing an additional 10,637 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 1.5 %

Shares of NYSE:TSM opened at $211.52 on Monday. 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 Company Limited has a fifty-two week low of $109.48 and a fifty-two week high of $222.20. The stock has a market cap of $1.10 trillion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. The firm’s 50 day moving average price is $198.02 and its 200 day moving average price is $184.51.

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 analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.77%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TSM shares. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Two 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.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

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.