Raub Brock Capital Management LP Sells 13,220 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Raub Brock Capital Management LP trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 10.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,144 shares of the semiconductor company's stock after selling 13,220 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 4.1% of Raub Brock Capital Management LP's holdings, making the stock its 9th biggest holding. Raub Brock Capital Management LP's holdings in Taiwan Semiconductor Manufacturing were worth $18,450,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at $25,000. IMG Wealth Management Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $26,000. Hopwood Financial Services Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $27,000. City Holding Co. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 238.0% during the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 119 shares in the last quarter. Finally, Roxbury Financial LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $29,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM traded down $1.74 during trading hours on Tuesday, hitting $213.94. The stock had a trading volume of 8,232,330 shares, compared to its average volume of 15,701,433. The firm has a 50-day moving average price of $181.73 and a 200 day moving average price of $189.04. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $133.57 and a fifty-two week high of $226.40. The firm has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 30.39, a PEG ratio of 0.66 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

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, beating analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion during the quarter, compared to analysts' expectations of $834.10 billion. As a group, research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current 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 paid 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 1.22%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 33.42%.

Analyst Ratings Changes

Several research firms recently commented on TSM. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Barclays reissued an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a report on Tuesday. Finally, Needham & Company LLC reissued a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $218.00.

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.