Lyell Wealth Management LP Trims Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Lyell Wealth Management LP lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,018 shares of the semiconductor company’s stock after selling 3,564 shares during the period. Lyell Wealth Management LP’s holdings in Taiwan Semiconductor Manufacturing were worth $5,618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Atlas Private Wealth Advisors boosted its stake in Taiwan Semiconductor Manufacturing by 3.3% during the fourth 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 in the last quarter. Advisory Resource Group boosted its position in shares of Taiwan Semiconductor Manufacturing by 1.3% during the 4th 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 in the last quarter. Baystate Wealth Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 28.8% in the 4th quarter. Baystate Wealth Management LLC now owns 510 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 114 shares during the last quarter. Waverly Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.8% in the 3rd 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. Finally, CVA Family Office LLC raised its holdings in shares of 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 worth $360,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on TSM shares. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. Barclays boosted their target price 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. Finally, TD Cowen boosted their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Trading Down 0.3 %

Shares of Taiwan Semiconductor Manufacturing stock traded down $0.44 during trading on Wednesday, hitting $132.99. The stock had a trading volume of 15,530,136 shares, compared to its average volume of 15,863,682. The stock has a 50 day simple moving average of $136.68 and a 200 day simple moving average of $114.15. The company has a market capitalization of $689.74 billion, a PE ratio of 25.33, a P/E/G ratio of 0.93 and a beta of 1.15. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $81.21 and a 1 year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be given a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 33.52%.

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.