Modera Wealth Management LLC Sells 7,295 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM

Modera Wealth Management LLC decreased its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 256,958 shares of the semiconductor company’s stock after selling 7,295 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 0.9% of Modera Wealth Management LLC’s portfolio, making the stock its 28th biggest holding. Modera Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $78,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Winthrop Advisory Group LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $253,000. DMC Group LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 55.5% in the fourth quarter. DMC Group LLC now owns 1,389 shares of the semiconductor company’s stock worth $422,000 after purchasing an additional 496 shares during the last quarter. South Shore Capital Advisors bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth approximately $248,000. Capital Advisors Ltd. LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 98.5% in the fourth quarter. Capital Advisors Ltd. LLC now owns 391 shares of the semiconductor company’s stock worth $119,000 after purchasing an additional 194 shares during the last quarter. Finally, Summa Corp. boosted its holdings in Taiwan Semiconductor Manufacturing by 5.6% in the fourth quarter. Summa Corp. now owns 3,600 shares of the semiconductor company’s stock valued at $1,094,000 after acquiring an additional 192 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

TSM has been the topic of several recent analyst reports. DA Davidson upgraded shares of Taiwan Semiconductor Manufacturing to a “strong-buy” rating in a report on Friday, February 13th. Needham & Company LLC lifted their price target on shares of Taiwan Semiconductor Manufacturing from $360.00 to $410.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, January 9th. Argus upgraded shares of Taiwan Semiconductor Manufacturing to a “strong-buy” rating in a report on Thursday, January 15th. Finally, Wall Street Zen raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $391.43.

Taiwan Semiconductor Manufacturing Trading Up 0.7%

Taiwan Semiconductor Manufacturing stock opened at $341.39 on Tuesday. The business has a 50-day simple moving average of $349.34 and a two-hundred day simple moving average of $316.48. The company has a market cap of $1.77 trillion, a P/E ratio of 32.06, a P/E/G ratio of 0.93 and a beta of 1.35. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $134.25 and a 52-week high of $390.20. The company has a quick ratio of 2.42, a current ratio of 2.62 and a debt-to-equity ratio of 0.17.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter. The business had revenue of $30.65 billion during the quarter. Taiwan Semiconductor Manufacturing had a return on equity of 34.89% and a net margin of 45.13%. Analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be paid a dividend of $0.9503 per share. The ex-dividend date is Thursday, June 11th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. Taiwan Semiconductor Manufacturing’s payout ratio is 28.36%.

Insider Activity

In related news, VP Bor-Zen Tien acquired 1,000 shares of the business’s stock in a transaction that occurred on Sunday, March 22nd. The stock was bought at an average cost of $55.93 per share, for a total transaction of $55,930.00. Following the purchase, the vice president owned 9,051 shares in the company, valued at $506,222.43. The trade was a 12.42% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.11% of the company’s stock.

About Taiwan Semiconductor Manufacturing

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.