Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Sold by Value Star Asset Management Hong Kong Ltd

Value Star Asset Management Hong Kong Ltd reduced its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 37.5% in the 1st quarter, Holdings Channel reports. The firm owned 10,000 shares of the semiconductor company’s stock after selling 6,000 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 10.8% of Value Star Asset Management Hong Kong Ltd’s investment portfolio, making the stock its 4th biggest position. Value Star Asset Management Hong Kong Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Susquehanna raised their target price on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a “positive” rating in a research report on Tuesday, June 17th. Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Barclays reiterated an “overweight” rating and set a $240.00 target price (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average target price of $222.50.

Taiwan Semiconductor Manufacturing Trading Down 1.8%

TSM stock opened at $209.71 on Monday. The business has a fifty day moving average price of $186.25 and a 200 day moving average price of $189.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 2.18. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $226.40. The stock has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 1.08 and a beta of 1.27.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its 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 return on equity of 31.43% and a net margin of 41.67%. The company had revenue of $25.82 billion for the quarter, compared to analysts’ expectations of $834.10 billion. Analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. 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. Shareholders of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 30.59%.

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.