Oberweis Asset Management Inc. Sells 2,000 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Oberweis Asset Management Inc. cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,500 shares of the semiconductor company's stock after selling 2,000 shares during the period. Oberweis Asset Management Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $2,074,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of TSM. Accel Wealth Management boosted its stake in Taiwan Semiconductor Manufacturing by 2.5% during the fourth quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company's stock valued at $402,000 after buying an additional 49 shares in the last quarter. Elmwood Wealth Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 3.7% during the fourth quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company's stock valued at $277,000 after buying an additional 50 shares in the last quarter. WP Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 1.2% during the fourth quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company's stock valued at $843,000 after buying an additional 50 shares in the last quarter. Heritage Wealth Advisors boosted its stake in Taiwan Semiconductor Manufacturing by 20.0% during the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock valued at $59,000 after buying an additional 50 shares in the last quarter. Finally, Gilman Hill Asset Management LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company's stock valued at $319,000 after purchasing an additional 52 shares during the period. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 0.6 %

NYSE:TSM traded up $1.00 during mid-day trading on Tuesday, reaching $164.40. The stock had a trading volume of 3,879,548 shares, compared to its average volume of 15,719,418. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a market cap of $852.63 billion, a P/E ratio of 23.33, a PEG ratio of 0.66 and a beta of 1.16. The business's 50 day moving average is $168.34 and its 200 day moving average is $189.00. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $133.21 and a fifty-two week high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $834.10 billion. As a group, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 annualized dividend and a dividend yield of 1.67%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 27.76%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Barclays reiterated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. Susquehanna reiterated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. Finally, StockNews.com lowered Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $212.00.

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.