Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is Princeton Global Asset Management LLC’s 2nd Largest Position


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Princeton Global Asset Management LLC decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,165 shares of the semiconductor company’s stock after selling 16,425 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 3.9% of Princeton Global Asset Management LLC’s portfolio, making the stock its 2nd largest position. Princeton Global Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $11,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ayalon Holdings Ltd. lifted its position in Taiwan Semiconductor Manufacturing by 0.4% in the fourth quarter. Ayalon Holdings Ltd. now owns 22,535 shares of the semiconductor company’s stock valued at $2,464,000 after purchasing an additional 95 shares during the last quarter. Semmax Financial Advisors Inc. grew its stake in Taiwan Semiconductor Manufacturing by 1.3% in the fourth quarter. Semmax Financial Advisors Inc. now owns 9,481 shares of the semiconductor company’s stock worth $1,034,000 after purchasing an additional 118 shares during the period. LVW Advisors LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 0.8% in the fourth quarter. LVW Advisors LLC now owns 15,712 shares of the semiconductor company’s stock worth $1,713,000 after acquiring an additional 121 shares during the last quarter. Richard P Slaughter Associates Inc grew its stake in shares of Taiwan Semiconductor Manufacturing by 1.0% in the fourth quarter. Richard P Slaughter Associates Inc now owns 12,434 shares of the semiconductor company’s stock worth $1,355,000 after acquiring an additional 123 shares during the last quarter. Finally, West Oak Capital LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 18.9% during the fourth quarter. West Oak Capital LLC now owns 788 shares of the semiconductor company’s stock valued at $86,000 after buying an additional 125 shares during the last quarter. 18.27% of the stock is owned by institutional investors.

A number of research firms have weighed in on TSM. Susquehanna reissued a “sell” rating and issued a $74.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, January 26th. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Thursday, January 7th. Sanford C. Bernstein raised Taiwan Semiconductor Manufacturing from a “market perform” rating to an “outperform” rating and set a $149.00 target price on the stock in a research note on Tuesday, January 12th. Finally, Susquehanna Bancshares reissued a “sell” rating and set a $74.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, January 26th. Two research analysts have rated the stock with a sell rating and seven have issued a buy rating to the company. Taiwan Semiconductor Manufacturing currently has an average rating of “Buy” and a consensus price target of $105.75.

Shares of Taiwan Semiconductor Manufacturing stock traded down $3.08 on Tuesday, reaching $130.49. The company had a trading volume of 320,031 shares, compared to its average volume of 14,028,529. The firm has a market cap of $676.73 billion, a price-to-earnings ratio of 39.29, a P/E/G ratio of 1.26 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.75 and a quick ratio of 1.56. The firm’s 50-day moving average price is $127.81 and its two-hundred day moving average price is $99.12. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $42.70 and a 1 year high of $142.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, January 14th. The semiconductor company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.05. The firm had revenue of $12.68 billion during the quarter, compared to analyst estimates of $12.90 billion. Taiwan Semiconductor Manufacturing had a return on equity of 28.73% and a net margin of 37.94%. As a group, analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Stockholders of record on Friday, June 18th will be given a $0.3527 dividend. This represents a $1.41 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, June 17th. Taiwan Semiconductor Manufacturing’s payout ratio is 41.59%.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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