Ridgewood Investments LLC Sells 1,056 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ridgewood Investments LLC trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,783 shares of the semiconductor company’s stock after selling 1,056 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 0.8% of Ridgewood Investments LLC’s investment portfolio, making the stock its 20th largest holding. Ridgewood Investments LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,699,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Seed Wealth Management Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 1.3% in the second quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after acquiring an additional 57 shares during the last quarter. Keudell Morrison Wealth Management increased its position in shares of Taiwan Semiconductor Manufacturing by 1.5% in the second quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock valued at $700,000 after acquiring an additional 59 shares during the last quarter. Heron Bay Capital Management increased its position in shares of Taiwan Semiconductor Manufacturing by 1.0% in the second quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock valued at $992,000 after acquiring an additional 59 shares during the last quarter. Clifford Swan Investment Counsel LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 1.4% in the second quarter. Clifford Swan Investment Counsel LLC now owns 4,798 shares of the semiconductor company’s stock valued at $834,000 after acquiring an additional 66 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 0.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 17,733 shares of the semiconductor company’s stock valued at $3,082,000 after acquiring an additional 66 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock traded up $1.68 during trading on Friday, hitting $181.16. The company had a trading volume of 10,001,896 shares, compared to its average volume of 12,357,744. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The firm has a market capitalization of $939.57 billion, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 1.03 and a beta of 1.14. The stock’s 50-day moving average price is $168.72 and its 200 day moving average price is $160.44. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.95 and a one year high of $193.47.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The firm had revenue of $20.82 billion for the quarter, compared to the consensus estimate of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The company’s revenue was up 34.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. Equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 36.95%.

Wall Street Analyst Weigh In

TSM has been the topic of a number of recent research reports. Susquehanna reaffirmed a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, August 14th. Needham & Company LLC boosted their price target on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. TD Cowen boosted their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Finally, Sanford C. Bernstein boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

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.