AdvisorNet Financial Inc Sells 245 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

AdvisorNet Financial Inc trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.2% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 20,101 shares of the semiconductor company’s stock after selling 245 shares during the quarter. AdvisorNet Financial Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $3,337,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Stonebridge Financial Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $26,000. Hopwood Financial Services Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $27,000. Accredited Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $31,000. Finally, Roxbury Financial LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $197.11 on Friday. The business’s fifty day moving average is $170.81 and its 200 day moving average is $187.42. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $133.57 and a fifty-two week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market capitalization of $1.02 trillion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The firm had revenue of $25.82 billion for the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Sell-side 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 company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a yield of 1.32%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 27.76%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays reaffirmed a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $212.00.

About Taiwan Semiconductor Manufacturing

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.