Shariaportfolio Inc. Decreases Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Shariaportfolio Inc. trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,171 shares of the semiconductor company’s stock after selling 610 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 1.0% of Shariaportfolio Inc.’s portfolio, making the stock its 15th largest holding. Shariaportfolio Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $2,009,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. AMF Tjanstepension AB raised its position in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 3rd quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock valued at $266,300,000 after buying an additional 70,057 shares during the period. Dakota Wealth Management raised its position in shares of Taiwan Semiconductor Manufacturing by 12.6% during the 3rd quarter. Dakota Wealth Management now owns 8,703 shares of the semiconductor company’s stock valued at $1,511,000 after buying an additional 972 shares during the period. Parcion Private Wealth LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter valued at approximately $218,000. Arkadios Wealth Advisors raised its position in shares of Taiwan Semiconductor Manufacturing by 3.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 10,131 shares of the semiconductor company’s stock valued at $1,760,000 after buying an additional 342 shares during the period. Finally, PFG Investments LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 5.1% during the 3rd quarter. PFG Investments LLC now owns 12,599 shares of the semiconductor company’s stock valued at $2,188,000 after buying an additional 613 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Down 0.8 %

Taiwan Semiconductor Manufacturing stock opened at $198.40 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a 50 day moving average price of $205.80 and a 200 day moving average price of $191.07. The company has a market capitalization of $1.03 trillion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.6855 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.38%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.11%.

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.