Fulton Breakefield Broenniman LLC Lowers Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Fulton Breakefield Broenniman LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.8% during the 4th quarter, Holdings Channel reports. The fund owned 223,615 shares of the semiconductor company’s stock after selling 4,086 shares during the period. Taiwan Semiconductor Manufacturing comprises 3.2% of Fulton Breakefield Broenniman LLC’s portfolio, making the stock its 6th biggest holding. Fulton Breakefield Broenniman LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $44,162,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. SteelPeak Wealth LLC raised its position in Taiwan Semiconductor Manufacturing by 27.2% in the fourth quarter. SteelPeak Wealth LLC now owns 9,749 shares of the semiconductor company’s stock worth $1,931,000 after acquiring an additional 2,085 shares during the period. Mayflower Financial Advisors LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 2.6% during the 4th quarter. Mayflower Financial Advisors LLC now owns 3,612 shares of the semiconductor company’s stock valued at $713,000 after purchasing an additional 91 shares during the period. BSW Wealth Partners raised its position in shares of Taiwan Semiconductor Manufacturing by 6.5% during the 4th quarter. BSW Wealth Partners now owns 8,961 shares of the semiconductor company’s stock valued at $1,770,000 after purchasing an additional 546 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 2.5% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 13,849 shares of the semiconductor company’s stock valued at $2,735,000 after purchasing an additional 336 shares during the period. Finally, Hutchens & Kramer Investment Management Group LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at $204,000. 16.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TSM. Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $202.17 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $112.61 and a fifty-two week high of $226.40. The stock has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 28.72, a PEG ratio of 0.74 and a beta of 1.07. The company has a fifty day moving average of $201.17 and a 200 day moving average of $185.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. As a group, sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.27%.

Taiwan Semiconductor Manufacturing Company 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.