Swisher Financial Concepts Inc. Reduces Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Swisher Financial Concepts Inc. reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 59.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,390 shares of the semiconductor company's stock after selling 2,020 shares during the period. Swisher Financial Concepts Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morse Asset Management Inc lifted its holdings in Taiwan Semiconductor Manufacturing by 120.7% in the 3rd quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company's stock valued at $3,074,000 after purchasing an additional 9,683 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 31.0% during the third quarter. Kovitz Investment Group Partners LLC now owns 23,244 shares of the semiconductor company's stock valued at $3,697,000 after buying an additional 5,500 shares during the period. EP Wealth Advisors LLC boosted its position in Taiwan Semiconductor Manufacturing by 19.1% during the third quarter. EP Wealth Advisors LLC now owns 25,612 shares of the semiconductor company's stock worth $4,448,000 after acquiring an additional 4,113 shares during the last quarter. Headinvest LLC grew its stake in Taiwan Semiconductor Manufacturing by 13.6% in the 3rd quarter. Headinvest LLC now owns 2,504 shares of the semiconductor company's stock worth $435,000 after acquiring an additional 300 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $4,446,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Needham & Company LLC restated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Trading Up 3.8 %

TSM stock traded up $5.71 during midday trading on Friday, reaching $156.84. 19,602,894 shares of the company's stock traded hands, compared to its average volume of 15,813,147. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $125.78 and a fifty-two week high of $226.40. The business has a 50-day moving average price of $179.21 and a two-hundred day moving average price of $190.90. The company has a market capitalization of $813.44 billion, a P/E ratio of 22.28, a PEG ratio of 0.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Equities research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.6855 per share. The ex-dividend date is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a dividend yield of 1.75%. This is a positive change from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is currently 30.68%.

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.