Schechter Investment Advisors LLC Sells 4,482 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Schechter Investment Advisors LLC trimmed its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 19.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 19,078 shares of the semiconductor company's stock after selling 4,482 shares during the period. Schechter Investment Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $3,167,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSM. Heritage Wealth Advisors boosted its holdings in Taiwan Semiconductor Manufacturing by 20.0% in the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock valued at $59,000 after acquiring an additional 50 shares during the last quarter. First Heartland Consultants Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 4.2% in the 4th quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock valued at $244,000 after purchasing an additional 50 shares during the last quarter. Formidable Asset Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 3.2% during the 4th quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock worth $317,000 after buying an additional 50 shares during the period. Connecticut Wealth Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 0.7% during the 4th quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock worth $1,465,000 after buying an additional 55 shares during the period. Finally, WealthCollab LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.7% during the fourth quarter. WealthCollab LLC now owns 891 shares of the semiconductor company's stock worth $176,000 after buying an additional 56 shares during the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 0.3%

Shares of TSM stock traded up $0.62 on Friday, hitting $230.38. The stock had a trading volume of 8,805,986 shares, compared to its average volume of 15,271,379. 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 twelve month low of $133.57 and a twelve month high of $237.58. The company has a fifty day moving average price of $206.45 and a two-hundred day moving average price of $192.39. The firm has a market cap of $1.19 trillion, a P/E ratio of 29.61, a PEG ratio of 1.25 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating 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. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.13%. Taiwan Semiconductor Manufacturing's payout ratio is 31.75%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TSM. Susquehanna lifted their target price 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. Needham & Company LLC raised their price target on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Barclays reiterated an "overweight" rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Finally, Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.