Obermeyer Wood Investment Counsel Lllp Reduces Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Obermeyer Wood Investment Counsel Lllp trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 281,002 shares of the semiconductor company’s stock after selling 4,306 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 2.0% of Obermeyer Wood Investment Counsel Lllp’s investment portfolio, making the stock its 19th biggest position. Obermeyer Wood Investment Counsel Lllp’s holdings in Taiwan Semiconductor Manufacturing were worth $29,224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TSM. Financial Gravity Asset Management Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 211 shares during the last quarter. MBM Wealth Consultants LLC bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $27,000. PCA Investment Advisory Services Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the second quarter valued at about $29,000. Farmers & Merchants Investments Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $31,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in Taiwan Semiconductor Manufacturing by 108.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 162 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on TSM shares. Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Needham & Company LLC reissued a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $155.75.

Taiwan Semiconductor Manufacturing Stock Down 4.9 %

Shares of TSM traded down $6.76 during mid-day trading on Thursday, reaching $132.27. The company’s stock had a trading volume of 39,205,383 shares, compared to its average volume of 15,709,738. The business has a fifty day moving average of $136.64 and a 200 day moving average of $112.61. The company has a market cap of $686.01 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $81.21 and a 1 year high of $158.40. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The company had revenue of $19.62 billion during the quarter, compared to analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.24% and a net margin of 38.80%. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a $0.4408 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.33%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 33.20%.

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.