Bard Financial Services Inc. Sells 500 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bard Financial Services Inc. cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,343 shares of the semiconductor company’s stock after selling 500 shares during the quarter. Bard Financial Services Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $4,610,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TSM. Capital Market Strategies LLC raised its position in Taiwan Semiconductor Manufacturing by 8.2% in the fourth quarter. Capital Market Strategies LLC now owns 12,311 shares of the semiconductor company’s stock worth $2,431,000 after acquiring an additional 935 shares during the period. Silverleafe Capital Partners LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $893,000. Modus Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 4.2% in the fourth quarter. Modus Advisors LLC now owns 3,534 shares of the semiconductor company’s stock valued at $698,000 after purchasing an additional 144 shares during the last quarter. NRI Wealth Management LC bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at $1,545,000. Finally, GAMMA Investing LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 34.4% in the fourth quarter. GAMMA Investing LLC now owns 8,509 shares of the semiconductor company’s stock valued at $1,680,000 after buying an additional 2,177 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM traded up $12.11 during trading on Monday, reaching $220.72. The company’s stock had a trading volume of 16,413,493 shares, compared to its average volume of 12,376,502. The stock has a market capitalization of $1.14 trillion, a PE ratio of 35.37, a P/E/G ratio of 0.93 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. The firm has a fifty day moving average of $195.25 and a 200 day moving average of $182.03. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $99.98 and a one year high of $221.84.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 35.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TSM shares. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

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.