Teamwork Financial Advisors LLC Sells 831 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Teamwork Financial Advisors LLC cut its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 30.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,932 shares of the semiconductor company’s stock after selling 831 shares during the period. Teamwork Financial Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in TSM. Veracity Capital LLC raised its holdings in Taiwan Semiconductor Manufacturing by 13.3% in the 1st quarter. Veracity Capital LLC now owns 8,177 shares of the semiconductor company’s stock valued at $1,112,000 after acquiring an additional 963 shares in the last quarter. Willis Johnson & Associates Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $224,000. Tran Capital Management L.P. acquired a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $16,159,000. Accel Wealth Management acquired a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $257,000. Finally, Advisor Resource Council acquired a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $395,000. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TSM. Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 17th. TD Cowen boosted their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Needham & Company LLC reissued a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, May 22nd. Finally, Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $173.60.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $185.10 on Friday. The stock has a market capitalization of $960.01 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $84.01 and a 52 week high of $185.10. 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 stock has a fifty day moving average of $159.36 and a 200-day moving average of $136.71.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be given a dividend of $0.4865 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s payout ratio is currently 36.95%.

Taiwan Semiconductor Manufacturing 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.