Montag A & Associates Inc. Sells 1,700 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Montag A & Associates Inc. decreased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,238 shares of the semiconductor company’s stock after selling 1,700 shares during the quarter. Montag A & Associates Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $14,351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TSM. United American Securities Inc. d b a UAS Asset Management bought a new stake in Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $8,578,000. RPg Family Wealth Advisory LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 0.3% in the third quarter. RPg Family Wealth Advisory LLC now owns 27,756 shares of the semiconductor company’s stock valued at $7,775,000 after acquiring an additional 78 shares during the period. Insigneo Advisory Services LLC lifted its stake in Taiwan Semiconductor Manufacturing by 3.8% in the third quarter. Insigneo Advisory Services LLC now owns 14,626 shares of the semiconductor company’s stock worth $4,085,000 after purchasing an additional 537 shares during the last quarter. Great Lakes Retirement Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 1.5% during the 3rd quarter. Great Lakes Retirement Inc. now owns 18,541 shares of the semiconductor company’s stock valued at $5,178,000 after acquiring an additional 281 shares during the period. Finally, Fiduciary Group LLC grew its position in Taiwan Semiconductor Manufacturing by 11.3% in the 3rd quarter. Fiduciary Group LLC now owns 992 shares of the semiconductor company’s stock valued at $277,000 after acquiring an additional 101 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Down 4.3%

TSM stock opened at $353.14 on Wednesday. Taiwan Semiconductor Manufacturing Company Ltd. has a 52 week low of $134.25 and a 52 week high of $390.20. The firm has a 50 day moving average of $340.04 and a 200 day moving average of $300.14. The company has a quick ratio of 2.42, a current ratio of 2.62 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.83 trillion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 1.03 and a beta of 1.29.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, February 26th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.89% and a net margin of 45.13%.The firm had revenue of $30.65 billion for the quarter. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 11th will be given a $0.9503 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, June 11th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 23.57%.

Analyst Ratings Changes

TSM has been the subject of several research reports. Dbs Bank raised shares of Taiwan Semiconductor Manufacturing to a “moderate buy” rating in a research report on Friday, January 23rd. Wall Street Zen raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. TD Cowen upped their price target on shares of Taiwan Semiconductor Manufacturing from $325.00 to $370.00 and gave the stock a “hold” rating in a research report on Friday, January 16th. Sanford C. Bernstein restated an “outperform” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, January 2nd. Finally, Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Four research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $391.43.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading pure-play semiconductor foundry that provides wafer fabrication and related services to the global semiconductor industry. Founded in 1987 by Morris Chang and headquartered in Hsinchu, Taiwan, TSMC manufactures integrated circuits on behalf of fabless and integrated device manufacturers, offering contract chip production across a broad set of technologies and products.

TSMC’s service offering covers logic and mixed-signal process technologies, specialty processes for radio-frequency, power management and embedded memory, and advanced nodes used in mobile, high-performance computing and AI applications.