Naviter Wealth LLC Sells 3,007 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Naviter Wealth LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,165 shares of the semiconductor company’s stock after selling 3,007 shares during the period. Taiwan Semiconductor Manufacturing comprises about 1.9% of Naviter Wealth LLC’s holdings, making the stock its 10th largest position. Naviter Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $13,449,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth $25,000. Valley Wealth Managers Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $27,000. Olistico Wealth LLC acquired a new position in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $27,000. NewSquare Capital LLC purchased a new position in Taiwan Semiconductor Manufacturing during the second quarter worth approximately $29,000. Finally, Fairscale Capital LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $32,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on TSM shares. Susquehanna restated a “positive” rating and set a $250.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday. Sanford C. Bernstein boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Finally, TD Cowen increased their target price 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 analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Taiwan Semiconductor Manufacturing Stock Up 10.5 %

Shares of Taiwan Semiconductor Manufacturing stock traded up $19.73 during trading hours on Thursday, hitting $207.21. 10,645,164 shares of the company’s stock traded hands, compared to its average volume of 15,347,223. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.95 and a twelve month high of $207.80. The stock has a 50 day simple moving average of $173.82 and a 200-day simple moving average of $163.39. The company has a market cap of $1.07 trillion, a PE ratio of 39.47, a PEG ratio of 1.13 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The firm had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 0.94%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 36.95%.

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.