OneDigital Investment Advisors LLC Sells 2,806 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

OneDigital Investment Advisors LLC trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,295 shares of the semiconductor company's stock after selling 2,806 shares during the period. OneDigital Investment Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $10,673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TSM. Brighton Jones LLC lifted 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 during the period. Victory Capital Management Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 15.3% during the 4th quarter. Victory Capital Management Inc. now owns 120,618 shares of the semiconductor company's stock valued at $23,821,000 after buying an additional 15,961 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 29.8% during the 4th quarter. Proficio Capital Partners LLC now owns 1,868 shares of the semiconductor company's stock valued at $369,000 after buying an additional 429 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 9.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,294 shares of the semiconductor company's stock worth $255,000 after buying an additional 111 shares during the last quarter. Finally, Ethos Financial Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $178,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM opened at $235.49 on Friday. The company has a current ratio of 2.39, a quick ratio of 2.18 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $133.57 and a 12 month high of $237.58. The stock has a market cap of $1.22 trillion, a price-to-earnings ratio of 30.27, a PEG ratio of 1.22 and a beta of 1.29. The company's 50 day moving average is $200.39 and its two-hundred day moving average is $191.46.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share 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 analyst estimates of $834.10 billion. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.59%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays reissued an "overweight" rating and issued a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research report on Tuesday, June 17th. Finally, Needham & Company LLC increased their price target on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $233.75.

About Taiwan Semiconductor Manufacturing

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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