Principal Street Partners LLC Sells 627 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

by · The Markets Daily

Principal Street Partners LLC cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 21.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,272 shares of the semiconductor company’s stock after selling 627 shares during the quarter. Principal Street Partners LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $25,000. Reston Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the third quarter worth about $25,000. Olistico Wealth LLC purchased a new position in Taiwan Semiconductor Manufacturing in the second quarter worth about $27,000. Valley Wealth Managers Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $27,000. Finally, NewSquare Capital LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at about $29,000. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded up $0.21 during trading hours on Tuesday, reaching $185.29. 648,868 shares of the stock traded hands, compared to its average volume of 15,277,397. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $95.25 and a 52-week high of $212.60. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company has a market cap of $960.99 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 0.88 and a beta of 1.12. The company’s 50-day moving average price is $188.24 and its two-hundred day moving average price is $174.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.74 by $0.20. The business had revenue of $23.50 billion for the quarter, compared to the consensus estimate of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSM. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Get Our Latest Analysis on TSM

Taiwan Semiconductor Manufacturing Company Profile

(Free Report)

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.

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