LVW Advisors LLC Reduces Stake in Taiwan Semiconductor Manufacturing Company
LVW Advisors LLC has cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 21.2% during the fourth quarter, based on its latest Form 13F submission to the Securities and Exchange Commission. After selling 1,988 shares, the firm retained 7,410 shares in the semiconductor company. At the conclusion of the reporting period, LVW Advisors LLC's investment in Taiwan Semiconductor Manufacturing was valued at $1,463,000.
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Recently, other institutional investors and hedge funds have made changes to their positions in Taiwan Semiconductor Manufacturing. Reston Wealth Management LLC acquired a new stake during the third quarter for $25,000. Fairscale Capital LLC also purchased shares in the second quarter, with a total worth of $32,000. Sugarloaf Wealth Management LLC saw a significant increase of 77.1% in their holdings during the third quarter, now owning 186 shares valued at $32,000 after acquiring an additional 81 shares. Archer Investment Corp boosted their stake by 48.1% and now holds 191 shares worth $33,000 following a purchase of 62 more shares. Furthermore, Abich Financial Wealth Management LLC doubled its share count to 208 shares valued at $36,000 after buying 108 additional shares last quarter. Collectively, institutional investors command 16.51% of the company's stock.
Recent Analyst Ratings
Numerous research firms have provided insights on TSM. Barclays has raised its price target from $240.00 to $255.00, assigning an "overweight" rating. However, StockNews.com has downgraded the stock from "buy" to "hold." Needham & Company LLC reaffirmed a "buy" rating with a target price of $225.00. Similarly, Susquehanna maintained a "buy" rating. Currently, two analysts rate the stock as a hold, while four issue buy recommendations, resulting in a consensus rating of "Moderate Buy" along with an average price target of $220.00.
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View Our Latest Research Report on TSM
Taiwan Semiconductor Manufacturing Stock Performance
This Monday, shares of NYSE TSM opened at $211.52. The company presents a current ratio of 2.57, a quick ratio of 2.30, and a debt-to-equity ratio of 0.24. Over the past year, Taiwan Semiconductor has seen a low of $109.48 and a high of $222.20. The 50-day moving average stands at $198.02, while the 200-day average is $184.51. Currently, the market capitalization is at $1.10 trillion, with a price-to-earnings ratio of 33.90, a PEG ratio of 0.76, and a beta of 1.07.
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Taiwan Semiconductor Manufacturing reported its latest quarterly earnings on January 16th, revealing earnings per share of $2.24, exceeding analysts' expectations of $2.16 by $0.08. The company achieved a net margin of 39.10% and a return on equity of 27.44%. Analysts forecast an average earnings per share of 6.92 for the current fiscal year.
Taiwan Semiconductor Manufacturing's Dividend Announcement
Recently, the company announced a quarterly dividend to be paid on April 10th for shareholders on record by March 18th. The declared dividend is $0.5484 per share, an increase from the previous dividend of $0.49. This equates to an annualized dividend of $2.19, resulting in a yield of 1.04%. The ex-dividend date is set as March 18th, with a payout ratio of 30.77% for Taiwan Semiconductor Manufacturing.
Overview of Taiwan Semiconductor Manufacturing Company
Taiwan Semiconductor Manufacturing Company Limited, along with its subsidiaries, engages in the manufacture, packaging, testing, and sale of integrated circuits and other semiconductor devices globally, including regions in Taiwan, China, Europe, the Middle East, Africa, Japan, and the United States. The company provides a comprehensive array of wafer fabrication processes, which include manufacturing complementary metal-oxide-semiconductor (CMOS) logic and mixed-signal, radio frequency, and embedded memory, among others.
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Investment Consideration for Taiwan Semiconductor Manufacturing
Before making any investment decisions regarding Taiwan Semiconductor Manufacturing, it is important to be informed about market opinions. Current analysts maintain a "Moderate Buy" rating for the stock, although there are other stocks that top analysts are recommending instead.
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