Motley Fool Asset Management LLC Sells 1,840 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Motley Fool Asset Management LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 142,128 shares of the semiconductor company’s stock after selling 1,840 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 1.1% of Motley Fool Asset Management LLC’s investment portfolio, making the stock its 23rd biggest position. Motley Fool Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $14,781,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Farmers & Merchants Investments Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $31,000. Creative Financial Designs Inc. ADV boosted its position in Taiwan Semiconductor Manufacturing by 108.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 162 shares in the last quarter. Financial Gravity Asset Management Inc. boosted its position in Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 211 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at approximately $37,000. Finally, Baystate Wealth Management LLC boosted its position in Taiwan Semiconductor Manufacturing by 53.5% during the 3rd quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 138 shares in the last quarter. 16.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on TSM. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Susquehanna lifted their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Up 2.7 %

NYSE TSM traded up $3.64 during mid-day trading on Thursday, reaching $136.61. The stock had a trading volume of 18,017,931 shares, compared to its average volume of 15,891,344. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $81.21 and a 1 year high of $158.40. The stock has a market cap of $708.52 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 0.95 and a beta of 1.15. The company has a fifty day moving average price of $136.83 and a 200 day moving average price of $114.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be issued a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.29%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

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.