Valeo Financial Advisors LLC Sells 937 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Valeo Financial Advisors LLC trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,540 shares of the semiconductor company’s stock after selling 937 shares during the period. Valeo Financial Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $5,636,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB raised its holdings in shares of Taiwan Semiconductor Manufacturing by 4.8% in the third quarter. AMF Tjanstepension AB now owns 1,533,207 shares of the semiconductor company’s stock worth $266,300,000 after buying an additional 70,057 shares during the period. Creative Planning boosted its holdings in Taiwan Semiconductor Manufacturing by 8.1% during the 3rd quarter. Creative Planning now owns 495,686 shares of the semiconductor company’s stock valued at $86,086,000 after acquiring an additional 37,122 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 12.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 6,824 shares of the semiconductor company’s stock valued at $1,185,000 after acquiring an additional 778 shares during the period. Good Life Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 25.4% during the 3rd quarter. Good Life Advisors LLC now owns 3,786 shares of the semiconductor company’s stock valued at $658,000 after acquiring an additional 766 shares during the period. Finally, Bleakley Financial Group LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 0.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 41,649 shares of the semiconductor company’s stock valued at $7,233,000 after acquiring an additional 246 shares during the period. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $203.77 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $122.91 and a twelve month high of $226.40. The stock has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 0.70 and a beta of 1.06. The stock has a fifty day simple moving average of $205.24 and a two-hundred day simple moving average of $188.67. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, topping 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%. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 27.27%.

Analysts Set New Price Targets

TSM has been the subject of a number of recent analyst reports. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.