TKG Advisors LLC Reduces Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

TKG Advisors LLC trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,157 shares of the semiconductor company’s stock after selling 353 shares during the quarter. TKG Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,417,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. BOKF NA increased its holdings in Taiwan Semiconductor Manufacturing by 4.8% in the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 81 shares during the last quarter. Cetera Advisors LLC boosted its stake in Taiwan Semiconductor Manufacturing by 80.7% in the first quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock valued at $10,787,000 after acquiring an additional 35,404 shares during the period. ProShare Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $210,000. Empowered Funds LLC boosted its stake in Taiwan Semiconductor Manufacturing by 53.8% in the first quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock valued at $2,837,000 after acquiring an additional 7,293 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Taiwan Semiconductor Manufacturing during the first quarter worth approximately $437,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on TSM. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Barclays upped their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $209.00.

Taiwan Semiconductor Manufacturing Stock Down 0.3 %

Shares of NYSE TSM traded down $0.58 during mid-day trading on Monday, reaching $192.37. The company had a trading volume of 2,651,772 shares, compared to its average volume of 15,472,597. The stock has a market capitalization of $997.71 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $91.29 and a twelve month high of $212.60. The stock’s 50 day moving average is $180.45 and its 200-day moving average is $168.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.21 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a yield of 1.01%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

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.