Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Park National Corp OH

Park National Corp OH reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,417 shares of the semiconductor company’s stock after selling 56 shares during the period. Park National Corp OH’s holdings in Taiwan Semiconductor Manufacturing were worth $477,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Reston Wealth Management LLC purchased a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at approximately $27,000. Fairscale Capital LLC acquired a new position in Taiwan Semiconductor Manufacturing in the second quarter valued at approximately $32,000. Sugarloaf Wealth Management LLC grew its position in Taiwan Semiconductor Manufacturing by 77.1% in the third quarter. Sugarloaf Wealth Management LLC now owns 186 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 81 shares during the period. Finally, Archer Investment Corp raised its position in Taiwan Semiconductor Manufacturing by 48.1% in the third quarter. Archer Investment Corp now owns 191 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 62 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $207.31 on Thursday. The company’s 50 day moving average is $196.30 and its two-hundred day moving average is $182.78. The firm has a market cap of $1.08 trillion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 0.93 and a beta of 1.07. 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 Company Limited has a 52-week low of $99.98 and a 52-week high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share (EPS) 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 firm had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 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, April 10th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.06%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 35.10%.

Analyst Ratings Changes

A number of research firms have commented on TSM. Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $214.00.

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.