Cabot Wealth Management Inc. Sells 3,350 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Cabot Wealth Management Inc. trimmed its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 119,321 shares of the semiconductor company’s stock after selling 3,350 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 3.0% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 4th largest holding. Cabot Wealth Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $23,565,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TSM. Mount Yale Investment Advisors LLC raised its stake in Taiwan Semiconductor Manufacturing by 4.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 35,709 shares of the semiconductor company’s stock valued at $7,052,000 after acquiring an additional 1,476 shares in the last quarter. McHugh Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $605,000. OLD National Bancorp IN lifted its holdings in Taiwan Semiconductor Manufacturing by 2.1% in the fourth quarter. OLD National Bancorp IN now owns 113,205 shares of the semiconductor company’s stock worth $22,357,000 after purchasing an additional 2,368 shares during the period. Private Client Services LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $201,000. Finally, YHB Investment Advisors Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 6.9% during the 4th quarter. YHB Investment Advisors Inc. now owns 40,275 shares of the semiconductor company’s stock worth $7,954,000 after buying an additional 2,604 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 0.8 %

Shares of NYSE:TSM opened at $198.40 on Friday. 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 stock has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 28.18, a PEG ratio of 0.66 and a beta of 1.06. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $125.78 and a 1-year high of $226.40. The company has a 50 day moving average price of $205.80 and a 200 day moving average price of $190.82.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.6855 dividend. This represents a $2.74 annualized dividend and a dividend yield of 1.38%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.27%.

Wall Street Analyst Weigh In

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

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.