SeaCrest Wealth Management LLC Sells 1,110 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

SeaCrest Wealth Management LLC reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 9.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,487 shares of the semiconductor company’s stock after selling 1,110 shares during the period. SeaCrest Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,045,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Atlas Private Wealth Advisors raised its position 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 valued at $342,000 after buying an additional 104 shares during the last quarter. Advisory Resource Group raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% in the fourth quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock valued at $886,000 after purchasing an additional 108 shares during the last quarter. Waverly Advisors LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 3.8% in the third quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock worth $273,000 after purchasing an additional 116 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 0.7% during the first quarter. Cresset Asset Management LLC now owns 18,334 shares of the semiconductor company’s stock worth $1,712,000 after purchasing an additional 124 shares during the last quarter. Finally, CVA Family Office LLC increased its stake in Taiwan Semiconductor Manufacturing by 3.7% in the 4th quarter. CVA Family Office LLC now owns 3,463 shares of the semiconductor company’s stock valued at $360,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM traded down $0.64 during mid-day trading on Friday, reaching $136.05. 10,019,364 shares of the company were exchanged, compared to its average volume of 19,151,932. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $81.21 and a twelve month high of $158.40. The stock has a market capitalization of $705.61 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.04 and a beta of 1.15. The company’s 50-day simple moving average is $129.10 and its 200-day simple moving average is $106.99. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The company had revenue of $19.62 billion during the quarter, compared to analysts’ expectations of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 33.78%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TSM shares. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, December 8th. TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a report on Friday, January 12th. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Tuesday, February 13th. Needham & Company LLC lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $115.00 to $133.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Finally, Barclays upped their target price on shares of Taiwan Semiconductor Manufacturing from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, January 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.25.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.