Menu Close

FSB Premier Wealth Management Inc. Decreases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

view original post

FSB Premier Wealth Management Inc. cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 22.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,066 shares of the semiconductor company’s stock after selling 596 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSM. Arthur M. Cohen & Associates LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 7,268 shares of the semiconductor company’s stock worth $874,000 after purchasing an additional 85 shares during the last quarter. Regal Investment Advisors LLC grew its holdings in Taiwan Semiconductor Manufacturing by 3.9% during the fourth quarter. Regal Investment Advisors LLC now owns 2,389 shares of the semiconductor company’s stock worth $287,000 after acquiring an additional 89 shares during the period. Girard Partners LTD. raised its position in Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Girard Partners LTD. now owns 2,790 shares of the semiconductor company’s stock valued at $335,000 after acquiring an additional 90 shares in the last quarter. WP Advisors LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 1.7% in the fourth quarter. WP Advisors LLC now owns 6,019 shares of the semiconductor company’s stock valued at $724,000 after acquiring an additional 100 shares during the period. Finally, Fiduciary Trust Co. boosted its position in Taiwan Semiconductor Manufacturing by 5.1% in the 4th quarter. Fiduciary Trust Co. now owns 2,070 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 100 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 14th. StockNews.com began coverage on Taiwan Semiconductor Manufacturing in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Susquehanna Bancshares lowered their price target on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, July 14th. Finally, Susquehanna cut their price objective on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, July 14th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.50.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM opened at $83.58 on Tuesday. The business’s 50 day moving average price is $87.08 and its 200-day moving average price is $102.73. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $73.74 and a 1 year high of $145.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.09 and a quick ratio of 1.85. The firm has a market capitalization of $433.45 billion, a PE ratio of 16.14 and a beta of 0.99.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.4625 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, September 15th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 2.21%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 28.19%.

About Taiwan Semiconductor Manufacturing

(Get Rating)

Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

See Also

Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating).

Receive News & Ratings for Taiwan Semiconductor Manufacturing Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Taiwan Semiconductor Manufacturing and related companies with MarketBeat.com’s FREE daily email newsletter.