Westwood Holdings Group Inc. Sells 6,753 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Westwood Holdings Group Inc. decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 172,944 shares of the semiconductor company’s stock after selling 6,753 shares during the period. Westwood Holdings Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $34,155,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Accel Wealth Management increased its position in shares of Taiwan Semiconductor Manufacturing by 2.5% in the 4th quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company’s stock valued at $402,000 after buying an additional 49 shares in the last quarter. WP Advisors LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 1.2% in the 4th quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company’s stock valued at $843,000 after buying an additional 50 shares in the last quarter. Heritage Wealth Advisors increased its position in shares of Taiwan Semiconductor Manufacturing by 20.0% in the 4th quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 50 shares in the last quarter. Gilman Hill Asset Management LLC increased its position in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock valued at $319,000 after buying an additional 52 shares in the last quarter. Finally, Traynor Capital Management Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.4% in the 4th quarter. Traynor Capital Management Inc. now owns 1,566 shares of the semiconductor company’s stock valued at $309,000 after purchasing an additional 52 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.4%

Shares of TSM stock opened at $193.41 on Tuesday. The firm has a 50 day moving average price of $167.75 and a two-hundred day moving average price of $187.38. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.00 trillion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.57 and a 12-month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be given a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.34%. Taiwan Semiconductor Manufacturing’s payout ratio is 27.76%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Barclays restated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Finally, Susquehanna restated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $212.00.

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.