Childress Capital Advisors LLC Sells 1,299 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Childress Capital Advisors LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,299 shares of the semiconductor company's stock after selling 1,299 shares during the period. Childress Capital Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Tallon Kerry Patrick acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $228,000. LaFleur & Godfrey LLC acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $221,000. Brighton Jones LLC raised its position in Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after purchasing an additional 1,892 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $91,830,000. Finally, ING Groep NV raised its position in Taiwan Semiconductor Manufacturing by 5.3% during the fourth quarter. ING Groep NV now owns 18,617 shares of the semiconductor company's stock valued at $3,677,000 after purchasing an additional 932 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on TSM shares. Barclays restated an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Needham & Company LLC restated a "buy" rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Susquehanna upped their price target on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a "positive" rating in a report on Tuesday, June 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of "Moderate Buy" and a consensus target price of $222.50.

Taiwan Semiconductor Manufacturing Stock Down 1.8%

Shares of NYSE:TSM opened at $209.71 on Monday. The company has a fifty day moving average of $186.25 and a 200-day moving average of $189.40. The company has a market capitalization of $1.09 trillion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.08 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $133.57 and a 52-week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.24%. Taiwan Semiconductor Manufacturing's payout ratio is 30.59%.

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.

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