Godsey & Gibb Inc. Cuts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Godsey & Gibb Inc. cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 30.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 655 shares of the semiconductor company’s stock after selling 293 shares during the quarter. Godsey & Gibb Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $129,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TSM. Reston Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing during the third quarter valued at about $25,000. Fairscale Capital LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $32,000. Sugarloaf Wealth Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 77.1% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 81 shares during the period. Archer Investment Corp increased its stake in shares of Taiwan Semiconductor Manufacturing by 48.1% during the 3rd quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 62 shares during the last quarter. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 108.0% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 208 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 108 shares during the period. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $206.93 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $100.00 and a fifty-two week high of $222.20. The stock has a market cap of $1.07 trillion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. The stock has a fifty day moving average of $197.26 and a 200-day moving average of $183.79.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results 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. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.06%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.77%.

Analyst Ratings Changes

Several equities analysts have weighed in on TSM shares. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 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 note on Monday, November 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $214.00.

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.