Old North State Wealth Management LLC Sells 1,066 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Old North State Wealth Management LLC trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,626 shares of the semiconductor company’s stock after selling 1,066 shares during the period. Taiwan Semiconductor Manufacturing makes up about 1.5% of Old North State Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding. Old North State Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,695,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TSM. Redwood Wealth Management Group LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $232,000. Ninety One SA PTY Ltd increased its position in Taiwan Semiconductor Manufacturing by 6.5% during the fourth quarter. Ninety One SA PTY Ltd now owns 21,575 shares of the semiconductor company’s stock valued at $4,261,000 after acquiring an additional 1,313 shares during the last quarter. Ninety One North America Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 24.2% in the fourth quarter. Ninety One North America Inc. now owns 419,085 shares of the semiconductor company’s stock valued at $82,765,000 after acquiring an additional 81,673 shares during the period. Mather Group LLC. boosted its position in Taiwan Semiconductor Manufacturing by 16.3% in the fourth quarter. Mather Group LLC. now owns 5,880 shares of the semiconductor company’s stock worth $1,161,000 after purchasing an additional 822 shares during the last quarter. Finally, WJ Wealth Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 8.7% during the 4th quarter. WJ Wealth Management LLC now owns 1,694 shares of the semiconductor company’s stock valued at $335,000 after purchasing an additional 136 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $204.21 on Wednesday. The stock’s 50-day moving average is $202.74 and its 200 day moving average is $186.63. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $116.58 and a 1-year high of $226.40. 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 company has a market cap of $1.06 trillion, a P/E ratio of 29.01, a PEG ratio of 0.69 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 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, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.07%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 27.27%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TSM. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

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.