Childress Capital Advisors LLC Sells 193 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Childress Capital Advisors LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,598 shares of the semiconductor company’s stock after selling 193 shares during the quarter. Childress Capital Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $513,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Reston Wealth Management LLC bought a new stake in Taiwan Semiconductor Manufacturing during the third quarter worth approximately $25,000. Sugarloaf Wealth Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 77.1% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 81 shares during the period. Archer Investment Corp increased its position in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 62 shares during the last quarter. American Capital Advisory LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $38,000. Finally, OLD Second National Bank of Aurora lifted its position in Taiwan Semiconductor Manufacturing by 169.8% in the third quarter. OLD Second National Bank of Aurora now owns 232 shares of the semiconductor company’s stock worth $40,000 after buying an additional 146 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on TSM. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Barclays increased their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM opened at $199.96 on Tuesday. The firm’s 50 day simple moving average is $202.44 and its 200-day simple moving average is $186.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $116.58 and a one year high of $226.40. The firm has a market cap of $1.04 trillion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 0.69 and a beta of 1.06.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This represents a $2.19 annualized dividend and a yield of 1.10%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 27.27%.

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.