Hollow Brook Wealth Management LLC Sells 9,786 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Hollow Brook Wealth Management LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 59.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,738 shares of the semiconductor company’s stock after selling 9,786 shares during the quarter. Hollow Brook Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $704,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. raised its holdings in 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 valued at $27,000 after acquiring an additional 211 shares during the period. Farmers & Merchants Investments Inc. bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $31,000. Creative Financial Designs Inc. ADV raised its holdings in Taiwan Semiconductor Manufacturing by 108.7% during the fourth 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 during the period. Baystate Wealth Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 53.5% during the third 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 during the period. Finally, Tennessee Valley Asset Management Partners bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $37,000. 16.51% of the stock is owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 0.8 %

NYSE TSM traded down $1.06 during trading hours on Tuesday, hitting $137.44. 10,964,389 shares of the company were exchanged, compared to its average volume of 15,683,780. The stock has a 50-day moving average price of $137.54 and a 200 day moving average price of $115.63. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $82.44 and a 52 week high of $158.40. The stock has a market cap of $712.82 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 0.99 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.28%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

Analyst Ratings Changes

TSM has been the topic of a number of recent analyst reports. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, April 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Taiwan Semiconductor Manufacturing Company 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.