Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Position Lowered by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,249 shares of the semiconductor company’s stock after selling 5,757 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 1.0% of Frank Rimerman Advisors LLC’s investment portfolio, making the stock its 15th largest position. Frank Rimerman Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $14,632,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BOKF NA lifted its position in shares of Taiwan Semiconductor Manufacturing by 4.8% during the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after acquiring an additional 81 shares during the last quarter. Cetera Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 80.7% during the first quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock valued at $10,787,000 after purchasing an additional 35,404 shares during the last quarter. ProShare Advisors LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at $210,000. Empowered Funds LLC increased its stake in Taiwan Semiconductor Manufacturing by 53.8% in the 1st quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock worth $2,837,000 after purchasing an additional 7,293 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth about $437,000. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Stock Up 2.8 %

Taiwan Semiconductor Manufacturing stock opened at $203.44 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.95 and a twelve month 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 firm has a market cap of $1.06 trillion, a PE ratio of 38.75, a P/E/G ratio of 0.96 and a beta of 1.14. The firm’s 50 day moving average price is $178.19 and its two-hundred day moving average price is $166.30.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed 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 is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 dividend on an annualized basis and a yield of 0.96%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 36.95%.

Wall Street Analyst Weigh In

Several brokerages have commented on TSM. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Barclays boosted their target price on shares of Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $209.00.

About Taiwan Semiconductor Manufacturing

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.