Portland Global Advisors LLC Sells 75 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Portland Global Advisors LLC trimmed its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,078 shares of the semiconductor company’s stock after selling 75 shares during the quarter. Portland Global Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $608,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TSM. Cynosure Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the third quarter worth about $241,000. Blueshift Asset Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at about $206,000. CreativeOne Wealth LLC increased its holdings in Taiwan Semiconductor Manufacturing by 29.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 5,323 shares of the semiconductor company’s stock worth $925,000 after buying an additional 1,198 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Taiwan Semiconductor Manufacturing by 211.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,005 shares of the semiconductor company’s stock worth $7,990,000 after acquiring an additional 31,231 shares during the period. Finally, Fiduciary Trust Co grew its position in shares of Taiwan Semiconductor Manufacturing by 63.9% during the 3rd quarter. Fiduciary Trust Co now owns 4,157 shares of the semiconductor company’s stock valued at $722,000 after acquiring an additional 1,621 shares during the period. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 1.4 %

TSM stock opened at $165.82 on Friday. The firm has a market cap of $860.00 billion, a P/E ratio of 23.55, a PEG ratio of 0.66 and a beta of 1.13. The company’s 50-day simple moving average is $192.35 and its 200-day simple moving average is $192.55. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $125.78 and a 52-week high of $226.40.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.6855 dividend. This represents a $2.74 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, June 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

Analyst Upgrades and Downgrades

TSM has been the topic of several recent analyst reports. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

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.