Barden Capital Management Inc. Sells 346 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Barden Capital Management Inc. cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,906 shares of the semiconductor company’s stock after selling 346 shares during the quarter. Barden Capital Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $1,547,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TSM. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new position in Taiwan Semiconductor Manufacturing in the second quarter worth approximately $27,000. Olistico Wealth LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the second quarter worth $27,000. NewSquare Capital LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $29,000. Finally, Fairscale Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. TD Cowen raised their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $200.00.

Taiwan Semiconductor Manufacturing Trading Down 2.5 %

Shares of Taiwan Semiconductor Manufacturing stock opened at $200.78 on Monday. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $84.95 and a fifty-two week high of $212.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.47. The company has a market cap of $1.04 trillion, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. The firm has a 50-day simple moving average of $175.31 and a two-hundred day simple moving average of $164.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. The business had revenue of $20.82 billion during the quarter, compared to analysts’ expectations of $20.33 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.97% and a net margin of 39.10%. The business’s revenue was up 34.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 earnings per share. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.63 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be given a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Thursday, December 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 31.57%.

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.