Traveka Wealth LLC Sells 1,413 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Traveka Wealth LLC lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 37.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,336 shares of the semiconductor company's stock after selling 1,413 shares during the quarter. Traveka Wealth LLC's holdings in Taiwan Semiconductor Manufacturing were worth $388,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Guardian Partners Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $9,222,000. Pinnacle Investment Management Ltd acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $26,661,000. Sentry LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at $222,000. Compound Global Advisors LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 31.2% in the 1st quarter. Compound Global Advisors LLC now owns 4,796 shares of the semiconductor company's stock valued at $747,000 after purchasing an additional 1,141 shares in the last quarter. Finally, Polymer Capital Management HK LTD raised its holdings in shares of Taiwan Semiconductor Manufacturing by 47.7% in the fourth quarter. Polymer Capital Management HK LTD now owns 86,493 shares of the semiconductor company's stock valued at $17,082,000 after buying an additional 27,938 shares during the last quarter. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded down $0.39 on Tuesday, reaching $228.78. 5,027,565 shares of the company's stock were exchanged, compared to its average volume of 15,418,679. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $133.57 and a 52 week high of $237.58. The firm has a market cap of $1.19 trillion, a price-to-earnings ratio of 29.41, a P/E/G ratio of 1.22 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. The stock has a fifty day simple moving average of $201.71 and a 200-day simple moving average of $191.64.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results 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. The business had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. 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 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 issued a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.59%.

Wall Street Analysts Forecast Growth

TSM has been the subject of a number of research analyst reports. Barclays reaffirmed an "overweight" rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. 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. Needham & Company LLC increased their price objective on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Finally, Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $233.75.

Taiwan Semiconductor Manufacturing Company 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.