Cwm LLC Sells 1,915 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Cwm LLC trimmed its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,197 shares of the semiconductor company's stock after selling 1,915 shares during the period. Cwm LLC's holdings in Taiwan Semiconductor Manufacturing were worth $6,839,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TSM. Brighton Jones LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 20.9% in the 4th 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 during the last quarter. GAMMA Investing LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 7.0% in the 1st quarter. GAMMA Investing LLC now owns 9,103 shares of the semiconductor company's stock valued at $1,511,000 after purchasing an additional 594 shares during the last quarter. Grove Bank & Trust lifted its stake in shares of Taiwan Semiconductor Manufacturing by 4.0% in the 1st quarter. Grove Bank & Trust now owns 3,510 shares of the semiconductor company's stock valued at $583,000 after purchasing an additional 136 shares during the last quarter. NBT Bank N A NY lifted its stake in shares of Taiwan Semiconductor Manufacturing by 30.0% in the 1st quarter. NBT Bank N A NY now owns 3,229 shares of the semiconductor company's stock valued at $536,000 after purchasing an additional 746 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake in shares of Taiwan Semiconductor Manufacturing by 13.3% in the 1st quarter. CENTRAL TRUST Co now owns 2,828 shares of the semiconductor company's stock valued at $470,000 after purchasing an additional 333 shares during the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM stock opened at $305.48 on Thursday. The stock has a 50 day moving average price of $259.95 and a 200 day moving average price of $219.85. The firm has a market capitalization of $1.58 trillion, a P/E ratio of 34.83, a P/E/G ratio of 1.41 and a beta of 1.28. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $307.30. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.15 and a current ratio of 2.37.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. The business had revenue of $30.07 billion during the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 33.37% and a net margin of 42.91%.Taiwan Semiconductor Manufacturing's revenue was up 44.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 EPS. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be given a dividend of $0.8348 per share. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $3.34 dividend on an annualized basis and a yield of 1.1%. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 29.99%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TSM shares. Susquehanna raised their price objective on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the company a "positive" rating in a research note on Friday, October 10th. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $325.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, October 9th. Needham & Company LLC reissued a "buy" rating and set a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, July 17th. Itau BBA Securities assumed coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, October 7th. They set an "outperform" rating for the company. Finally, Wall Street Zen raised Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research note on Sunday, August 31st. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of "Moderate Buy" and an average target price of $333.33.

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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