Arete Wealth Advisors LLC Sells 537 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Arete Wealth Advisors LLC lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,775 shares of the semiconductor company’s stock after selling 537 shares during the period. Arete Wealth Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $827,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter worth approximately $25,000. Reston Wealth Management LLC acquired a new position in Taiwan Semiconductor Manufacturing during the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $27,000. NewSquare Capital LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 2nd quarter worth $29,000. Finally, Fairscale Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter worth about $32,000. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TSM. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays boosted their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Stock Up 1.4 %

Shares of TSM opened at $194.61 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $98.80 and a 12 month high of $212.60. The stock has a market cap of $1.01 trillion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 0.94 and a beta of 1.09. The company has a 50-day moving average price of $192.02 and a two-hundred day moving average price of $177.49. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be given a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.13%. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

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.