Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC trimmed its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,448 shares of the semiconductor company’s stock after selling 1,636 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,076,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TSM. FWG Holdings LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.6% in the third quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock worth $539,000 after buying an additional 50 shares during the period. Elmwood Wealth Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 3.7% in the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock worth $277,000 after purchasing an additional 50 shares during the period. Gilman Hill Asset Management LLC grew its position in Taiwan Semiconductor Manufacturing by 3.3% during the 4th quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock worth $319,000 after purchasing an additional 52 shares in the last quarter. XML Financial LLC raised its stake 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 period. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.3% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,469 shares of the semiconductor company’s stock valued at $488,000 after purchasing an additional 55 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 2.1 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $223.33 on Thursday. The stock has a 50-day simple moving average of $198.90 and a 200-day simple moving average of $184.97. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $112.61 and a 52-week high of $225.43. The firm has a market cap of $1.16 trillion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 0.72 and a beta of 1.07. 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 (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping 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%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share 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. Stockholders of record on Tuesday, March 18th will be given a $0.5484 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 0.98%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 27.27%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, January 16th. StockNews.com raised shares of 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 research report on Friday, October 18th. Finally, Barclays increased 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 report on Friday, January 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.