Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Position Lowered by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 15.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,751 shares of the semiconductor company’s stock after selling 1,077 shares during the period. Castle Rock Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,173,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. Mount Yale Investment Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 4.3% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after buying an additional 1,476 shares in the last quarter. McHugh Group LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $605,000. OLD National Bancorp IN increased its holdings in shares of Taiwan Semiconductor Manufacturing by 2.1% in the 4th quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock valued at $22,357,000 after purchasing an additional 2,368 shares during the period. Guardian Partners Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $9,222,000. Finally, Hardman Johnston Global Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 7.6% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 381,432 shares of the semiconductor company’s stock worth $75,329,000 after purchasing an additional 26,847 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $192.16 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $133.57 and a fifty-two week high of $226.40. The stock’s 50-day moving average is $169.69 and its two-hundred day moving average is $187.26. The firm has a market cap of $996.61 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The business had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be paid a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s payout ratio is 27.76%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Barclays reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Susquehanna reiterated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Finally, Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.