Mirabella Financial Services LLP Sells 224,959 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Mirabella Financial Services LLP cut its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 96.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 7,791 shares of the semiconductor company’s stock after selling 224,959 shares during the period. Mirabella Financial Services LLP’s holdings in Taiwan Semiconductor Manufacturing were worth $1,772,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSM. Brighton Jones LLC raised its position in Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company’s stock valued at $2,159,000 after purchasing an additional 1,892 shares in the last quarter. Mutual of America Capital Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at about $6,344,000. Cary Street Partners Financial LLC lifted its position in Taiwan Semiconductor Manufacturing by 52.8% in the 1st quarter. Cary Street Partners Financial LLC now owns 11,560 shares of the semiconductor company’s stock worth $1,919,000 after buying an additional 3,997 shares during the last quarter. Nicholas Hoffman & Company LLC. boosted its stake in Taiwan Semiconductor Manufacturing by 8.4% in the first quarter. Nicholas Hoffman & Company LLC. now owns 3,263 shares of the semiconductor company’s stock worth $542,000 after buying an additional 253 shares in the last quarter. Finally, Hemington Wealth Management grew its position in Taiwan Semiconductor Manufacturing by 78.2% during the first quarter. Hemington Wealth Management now owns 253 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TSM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $360.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, October 27th. Itau BBA Securities began coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They issued an “outperform” rating on the stock. Susquehanna raised their price target on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Monday. Finally, Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 17th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $371.67.

Taiwan Semiconductor Manufacturing Trading Down 0.9%

NYSE:TSM opened at $292.69 on Friday. The company has a 50-day moving average price of $291.42 and a 200-day moving average price of $251.85. The stock has a market cap of $1.52 trillion, a price-to-earnings ratio of 30.02, a P/E/G ratio of 1.02 and a beta of 1.31. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $311.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.59 by $0.33. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. The business had revenue of $32.36 billion during the quarter, compared to analyst estimates of $951.89 billion. During the same period last year, the business posted $1.94 earnings per share. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 40.1% compared to the same quarter last year. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 17th will be issued a $0.9678 dividend. This represents a $3.87 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. The ex-dividend date is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 26.67%.

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.