First Personal Financial Services Sells 2,378 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

First Personal Financial Services lowered its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.0% in the 3rd quarter, Holdings Channel reports. The firm owned 57,712 shares of the semiconductor company’s stock after selling 2,378 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 2.1% of First Personal Financial Services’ portfolio, making the stock its 17th biggest position. First Personal Financial Services’ holdings in Taiwan Semiconductor Manufacturing were worth $10,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TSM. Norden Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $244,000. Empowered Funds LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 53.8% during the first quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock valued at $2,837,000 after acquiring an additional 7,293 shares in the last quarter. Wealthspire Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 25.2% during the first quarter. Wealthspire Advisors LLC now owns 4,165 shares of the semiconductor company’s stock valued at $567,000 after acquiring an additional 837 shares in the last quarter. PFG Advisors raised its stake in shares of Taiwan Semiconductor Manufacturing by 33.1% during the first quarter. PFG Advisors now owns 3,469 shares of the semiconductor company’s stock valued at $472,000 after acquiring an additional 863 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 324.2% during the first quarter. Concurrent Investment Advisors LLC now owns 11,399 shares of the semiconductor company’s stock valued at $1,551,000 after acquiring an additional 8,712 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the subject of several research analyst reports. Barclays lifted their price target on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday. TD Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $209.00.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $201.20 on Friday. The firm has a market capitalization of $1.04 trillion, a P/E ratio of 32.24, a P/E/G ratio of 0.97 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $91.60 and a 12-month high of $212.60. The firm’s fifty day simple moving average is $183.11 and its two-hundred day simple moving average is $170.07.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.30%. Analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.73 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.97%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

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.