Avantax Planning Partners Inc. Decreases Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Avantax Planning Partners Inc. trimmed its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,871 shares of the semiconductor company’s stock after selling 191 shares during the period. Avantax Planning Partners Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Stonebridge Financial Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $25,000. Roxbury Financial LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $29,000. Archer Investment Corp raised its position in Taiwan Semiconductor Manufacturing by 48.1% in the third 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 period. OLD Second National Bank of Aurora grew its stake in shares of 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 acquiring an additional 146 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $40,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Trading Up 0.4 %

TSM opened at $171.30 on Wednesday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $888.45 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 0.66 and a beta of 1.13. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $125.78 and a twelve month high of $226.40. The company has a 50-day simple moving average of $200.93 and a 200 day simple moving average of $191.93.

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%. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 30.68%.

Wall Street Analysts Forecast Growth

TSM has been the subject of several analyst reports. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, February 18th. Finally, Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.