Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Y.D. More Investments Ltd’s Largest Position

Y.D. More Investments Ltd trimmed its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 257,570 shares of the semiconductor company’s stock after selling 5,219 shares during the quarter. Taiwan Semiconductor Manufacturing makes up 5.4% of Y.D. More Investments Ltd’s holdings, making the stock its biggest position. Y.D. More Investments Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $26,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mather Group LLC. boosted its position in Taiwan Semiconductor Manufacturing by 2.0% during the fourth quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after purchasing an additional 96 shares during the period. Atlas Private Wealth Advisors boosted its holdings in Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock worth $342,000 after buying an additional 104 shares during the period. Advisory Resource Group grew its stake in Taiwan Semiconductor Manufacturing by 1.3% in the 4th quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock valued at $886,000 after buying an additional 108 shares in the last quarter. Intrust Bank NA raised its holdings in Taiwan Semiconductor Manufacturing by 0.8% during the 4th quarter. Intrust Bank NA now owns 14,187 shares of the semiconductor company’s stock valued at $1,475,000 after acquiring an additional 111 shares during the period. Finally, Baystate Wealth Management LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 28.8% during the fourth quarter. Baystate Wealth Management LLC now owns 510 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 114 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 1.7 %

NYSE:TSM traded down $2.40 during trading hours on Wednesday, reaching $134.94. The company’s stock had a trading volume of 12,443,559 shares, compared to its average volume of 15,645,645. The firm has a 50-day simple moving average of $137.54 and a 200-day simple moving average of $115.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $82.44 and a 1 year high of $158.40. The firm has a market capitalization of $699.85 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 0.99 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.4408 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TSM. TD Cowen raised their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Barclays lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Susquehanna increased their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing 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.