Little House Capital LLC Has $2.87 Million Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Little House Capital LLC cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,269 shares of the semiconductor company's stock after selling 1,357 shares during the quarter. Little House Capital LLC's holdings in Taiwan Semiconductor Manufacturing were worth $2,867,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. LaFleur & Godfrey LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at $221,000. Brighton Jones LLC grew its stake 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 worth $2,159,000 after purchasing an additional 1,892 shares during the period. Simmons Bank grew its stake in Taiwan Semiconductor Manufacturing by 8.5% in the fourth quarter. Simmons Bank now owns 1,705 shares of the semiconductor company's stock valued at $337,000 after acquiring an additional 134 shares during the period. Proficio Capital Partners LLC grew its stake in Taiwan Semiconductor Manufacturing by 25,536.6% in the fourth quarter. Proficio Capital Partners LLC now owns 368,911 shares of the semiconductor company's stock valued at $72,856,000 after acquiring an additional 367,472 shares during the period. Finally, Linscomb Wealth Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $224,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Taiwan Semiconductor Manufacturing stock opened at $228.47 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $228.88. The business has a 50-day simple moving average of $192.99 and a 200 day simple moving average of $190.32. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.18 trillion, a price-to-earnings ratio of 29.37, a PEG ratio of 1.16 and a beta of 1.27.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.14%. Taiwan Semiconductor Manufacturing's payout ratio is 30.59%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Susquehanna lifted their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research report on Tuesday, June 17th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Barclays reiterated an "overweight" rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Finally, Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and a consensus target price of $222.50.

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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