Marcum Wealth LLC Sells 293 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Marcum Wealth LLC lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,474 shares of the semiconductor company’s stock after selling 293 shares during the period. Marcum Wealth LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,081,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FWG Holdings LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock valued at $539,000 after purchasing an additional 50 shares in the last quarter. Elmwood Wealth Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 3.7% in the fourth quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock valued at $277,000 after buying an additional 50 shares during the last quarter. Defender Capital LLC. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 3.7% in the third quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock worth $272,000 after buying an additional 56 shares in the last quarter. Hardy Reed LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% in the third quarter. Hardy Reed LLC now owns 4,635 shares of the semiconductor company’s stock worth $805,000 after buying an additional 56 shares in the last quarter. Finally, Logan Capital Management Inc. boosted its position in Taiwan Semiconductor Manufacturing by 20.1% during the third quarter. Logan Capital Management Inc. now owns 334 shares of the semiconductor company’s stock worth $58,000 after acquiring an additional 56 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 3.3 %

TSM opened at $201.55 on Tuesday. The stock has a market capitalization of $1.05 trillion, a PE ratio of 32.30, a P/E/G ratio of 0.93 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $100.00 and a one year high of $222.20. 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 business’s 50 day moving average price is $197.14 and its 200 day moving average price is $183.60.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.09%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 35.10%.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Finally, Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two research 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

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.