Ballentine Partners LLC Sells 3,459 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Ballentine Partners LLC reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.0% in the second quarter, Holdings Channel reports. The firm owned 31,175 shares of the semiconductor company’s stock after selling 3,459 shares during the quarter. Ballentine Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $5,419,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Johnson Financial Group Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter worth approximately $25,000. LifeSteps Financial Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $27,000. Olistico Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $27,000. Finally, North Star Investment Management Corp. boosted its holdings in Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 181 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TSM. Susquehanna reiterated a “positive” rating and set a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. TD Cowen upped their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Needham & Company LLC raised their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Finally, Sanford C. Bernstein boosted their target price on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded down $6.88 during trading hours on Friday, reaching $156.82. 14,964,411 shares of the company traded hands, compared to its average volume of 12,454,126. The firm has a 50-day moving average price of $169.79 and a 200 day moving average price of $155.29. The company has a market cap of $813.33 billion, a P/E ratio of 29.87, a P/E/G ratio of 0.94 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to analyst estimates of $20.33 billion. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The company’s revenue was up 34.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 1.24%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 37.52%.

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.