Western Wealth Management LLC Sells 22,628 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Western Wealth Management LLC cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 80.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,440 shares of the semiconductor company's stock after selling 22,628 shares during the period. Western Wealth Management LLC's holdings in Taiwan Semiconductor Manufacturing were worth $1,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSM. Tallon Kerry Patrick bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $228,000. LaFleur & Godfrey LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $221,000. Beaumont Financial Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 11.2% during the fourth quarter. Beaumont Financial Advisors LLC now owns 1,362 shares of the semiconductor company's stock worth $269,000 after purchasing an additional 137 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 16.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,117 shares of the semiconductor company's stock worth $419,000 after purchasing an additional 300 shares during the last quarter. Finally, XML Financial LLC lifted its stake in Taiwan Semiconductor Manufacturing by 2.0% during the fourth quarter. XML Financial LLC now owns 2,660 shares of the semiconductor company's stock worth $525,000 after purchasing an additional 53 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Wall Street Zen downgraded shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Barclays reiterated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Up 2.4%

Shares of NYSE:TSM opened at $196.43 on Friday. The company has a fifty day moving average of $168.94 and a 200-day moving average of $187.49. The company has a market capitalization of $1.02 trillion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. 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 Company Limited has a 52-week low of $133.57 and a 52-week high of $226.40.

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 for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a yield of 1.32%. Taiwan Semiconductor Manufacturing's payout ratio is 27.76%.

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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