Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Sendero Wealth Management LLC

Sendero Wealth Management LLC lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 20.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,243 shares of the semiconductor company’s stock after selling 1,876 shares during the quarter. Sendero Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $985,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Advisory Group LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 163.7% in the third quarter. Private Advisory Group LLC now owns 46,235 shares of the semiconductor company’s stock valued at $4,018,000 after acquiring an additional 28,705 shares in the last quarter. Toronto Dominion Bank boosted its stake in Taiwan Semiconductor Manufacturing by 4.7% during the 3rd quarter. Toronto Dominion Bank now owns 14,176 shares of the semiconductor company’s stock valued at $1,232,000 after purchasing an additional 631 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. raised its stake in shares of Taiwan Semiconductor Manufacturing by 19.3% in the 3rd quarter. Van Lanschot Kempen Investment Management N.V. now owns 686,425 shares of the semiconductor company’s stock worth $59,650,000 after buying an additional 111,000 shares in the last quarter. Morningstar Investment Services LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 2.4% in the third quarter. Morningstar Investment Services LLC now owns 974,067 shares of the semiconductor company’s stock valued at $84,171,000 after buying an additional 22,578 shares during the period. Finally, Cape Cod Five Cents Savings Bank lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 88.1% in the third quarter. Cape Cod Five Cents Savings Bank now owns 57,728 shares of the semiconductor company’s stock valued at $5,017,000 after buying an additional 27,039 shares during the period. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TSM shares. Sanford C. Bernstein boosted their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Needham & Company LLC reissued a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. TD Cowen upped their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Finally, Barclays raised their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $173.60.

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

Shares of NYSE:TSM traded up $2.20 during mid-day trading on Friday, hitting $173.83. The stock had a trading volume of 11,203,953 shares, compared to its average volume of 15,113,441. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $184.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39. The company has a market cap of $901.55 billion, a PE ratio of 33.11, a P/E/G ratio of 1.18 and a beta of 1.11. The company’s 50 day moving average is $155.76 and its 200-day moving average is $134.61.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The business had revenue of $18.87 billion during the quarter, compared to analysts’ expectations of $18.38 billion. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. This represents a $1.95 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, September 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

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.