Alaethes Wealth LLC Sells 77 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Alaethes Wealth LLC trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.4% in the 2nd quarter, Holdings Channel reports. The firm owned 17,724 shares of the semiconductor company’s stock after selling 77 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for 1.3% of Alaethes Wealth LLC’s holdings, making the stock its 17th largest position. Alaethes Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $3,090,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. BOKF NA raised its stake in Taiwan Semiconductor Manufacturing by 4.8% in the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 81 shares in the last quarter. Dodge & Cox bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $6,396,000. Credit Capital Investments LLC increased its stake in Taiwan Semiconductor Manufacturing by 9.4% in the fourth quarter. Credit Capital Investments LLC now owns 58,000 shares of the semiconductor company’s stock valued at $6,032,000 after acquiring an additional 5,000 shares during the last quarter. Cetera Advisors LLC raised its position in Taiwan Semiconductor Manufacturing by 80.7% during the first quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock valued at $10,787,000 after purchasing an additional 35,404 shares in the last quarter. Finally, Prudential PLC lifted its stake in Taiwan Semiconductor Manufacturing by 21.2% during the fourth quarter. Prudential PLC now owns 3,544 shares of the semiconductor company’s stock worth $369,000 after purchasing an additional 619 shares during the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of research reports. Susquehanna reissued a “positive” rating and set a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Sanford C. Bernstein boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Barclays increased their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Needham & Company LLC boosted their price target on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, TD Cowen raised their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 1.2 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $174.04 on Friday. The company’s 50 day moving average price is $167.03 and its 200-day moving average price is $157.84. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $193.47. 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 stock has a market capitalization of $902.64 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 0.99 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) 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 analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 earnings per share. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 1.12%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 37.71%.

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.