Fiduciary Financial Group LLC Sells 110 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fiduciary Financial Group LLC reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,439 shares of the semiconductor company’s stock after selling 110 shares during the period. Fiduciary Financial Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $300,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TSM. Reston Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $25,000. Fairscale Capital LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $32,000. Sugarloaf Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 77.1% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 81 shares during the period. Archer Investment Corp boosted its holdings in Taiwan Semiconductor Manufacturing by 48.1% in the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 62 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 108.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 108 shares during the period. 16.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 2.7 %

TSM opened at $206.93 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.07 trillion, a PE ratio of 33.16, a PEG ratio of 0.93 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $100.00 and a 1-year high of $222.20. The firm has a 50-day moving average price of $197.26 and a two-hundred day moving average price of $183.79.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion during the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This represents a $2.19 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 35.10%.

About Taiwan Semiconductor Manufacturing

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.