Savior LLC decreased its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 94.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,567 shares of the semiconductor company’s stock after selling 28,237 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 0.6% of Savior LLC’s investment portfolio, making the stock its 28th biggest position. Savior LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $158,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Avantax Planning Partners Inc. grew its position in Taiwan Semiconductor Manufacturing by 3.7% during the fourth quarter. Avantax Planning Partners Inc. now owns 3,065 shares of the semiconductor company’s stock worth $228,000 after buying an additional 110 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 7.2% during the first quarter. JFS Wealth Advisors LLC now owns 1,752 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 118 shares during the last quarter. Focused Wealth Management Inc lifted its stake in Taiwan Semiconductor Manufacturing by 35.1% during the first quarter. Focused Wealth Management Inc now owns 458 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 119 shares during the last quarter. Cresset Asset Management LLC lifted its stake 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, FinTrust Capital Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 25.1% during the fourth quarter. FinTrust Capital Advisors LLC now owns 623 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.
Taiwan Semiconductor Manufacturing Price Performance
Shares of TSM traded down $1.45 during trading hours on Friday, reaching $90.02. The stock had a trading volume of 2,605,228 shares, compared to its average volume of 11,347,695. The stock has a market capitalization of $466.88 billion, a PE ratio of 15.09, a PEG ratio of 3.17 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $59.43 and a 12 month high of $110.69. The company’s 50-day moving average is $96.03 and its two-hundred day moving average is $93.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.13 and a current ratio of 2.42.
Taiwan Semiconductor Manufacturing Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.4724 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.89 dividend on an annualized basis and a yield of 2.10%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 22.94%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on TSM shares. Needham & Company LLC cut their target price on Taiwan Semiconductor Manufacturing from $118.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, July 21st. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Finally, Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $128.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, July 14th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $108.33.
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.
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