Jacobi Capital Management LLC Sells 384 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Jacobi Capital Management LLC trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 7.9% during the 1st quarter, Holdings Channel reports. The fund owned 4,453 shares of the semiconductor company’s stock after selling 384 shares during the period. Jacobi Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $464,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Rise Advisors LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $26,000. Curi Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $28,000. Retirement Planning Co of New England Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $37,000. Rather & Kittrell Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $37,000. Finally, SJS Investment Consulting Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 101.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 387 shares of the semiconductor company’s stock worth $40,000 after buying an additional 195 shares during the last quarter.

Taiwan Semiconductor Manufacturing Stock Performance

TSM opened at $89.77 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.09 and a quick ratio of 1.85. The firm has a fifty day moving average price of $86.15 and a 200 day moving average price of $98.79. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $73.74 and a 1 year high of $145.00. The stock has a market cap of $465.55 billion, a P/E ratio of 17.33 and a beta of 0.98.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last posted its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.05. Taiwan Semiconductor Manufacturing had a net margin of 40.53% and a return on equity of 34.31%. The firm had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.68 billion. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.3 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 16th will be paid a $0.4625 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.85 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, September 15th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 28.19%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Loop Capital assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They issued a “buy” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 14th. Susquehanna Bancshares dropped their price objective on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, July 14th. Susquehanna dropped their price objective on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, July 14th. Finally, Cowen set a $100.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, July 19th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.14.

Taiwan Semiconductor Manufacturing Company Profile

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Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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

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