Oliver Luxxe Assets LLC Sells 372 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Oliver Luxxe Assets LLC trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,553 shares of the semiconductor company’s stock after selling 372 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 1.4% of Oliver Luxxe Assets LLC’s investment portfolio, making the stock its 17th largest holding. Oliver Luxxe Assets LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $6,606,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank grew its holdings 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 buying an additional 631 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in Taiwan Semiconductor Manufacturing by 2.5% during the 3rd quarter. Rehmann Capital Advisory Group now owns 20,690 shares of the semiconductor company’s stock valued at $1,798,000 after buying an additional 495 shares in the last quarter. Eventide Asset Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 88.2% during the third quarter. Eventide Asset Management LLC now owns 6,849 shares of the semiconductor company’s stock worth $595,000 after purchasing an additional 3,209 shares in the last quarter. Waverly Advisors LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 3.8% during the third quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock worth $273,000 after purchasing an additional 116 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 14.4% during the third quarter. SRS Capital Advisors Inc. now owns 1,126 shares of the semiconductor company’s stock worth $98,000 after purchasing an additional 142 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on TSM shares. Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a report on Monday, June 17th. Needham & Company LLC restated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, Sanford C. Bernstein boosted their price objective on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.60.

Taiwan Semiconductor Manufacturing Stock Down 0.7 %

TSM stock traded down $1.17 during midday trading on Monday, hitting $172.64. The stock had a trading volume of 7,178,203 shares, compared to its average volume of 15,050,574. The firm has a market cap of $895.38 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14. The business has a 50-day moving average of $155.76 and a two-hundred day moving average of $135.07. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.01 and a 52-week high of $184.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share 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 company had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $18.38 billion. As a group, equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a $0.4865 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

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.