Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Brown Shipley& Co Ltd

Brown Shipley& Co Ltd decreased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,616 shares of the semiconductor company’s stock after selling 302 shares during the period. Taiwan Semiconductor Manufacturing accounts for 0.3% of Brown Shipley& Co Ltd’s portfolio, making the stock its 28th largest position. Brown Shipley& Co Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Coppell Advisory Solutions Corp. acquired a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter worth about $205,000. LRI Investments LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 1st quarter valued at $125,000. Sanibel Captiva Trust Company Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 0.5% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 22,139 shares of the semiconductor company’s stock valued at $3,012,000 after acquiring an additional 104 shares in the last quarter. Burney Co. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth $228,000. Finally, Cetera Investment Advisers lifted its position in Taiwan Semiconductor Manufacturing by 322.4% during the 1st quarter. Cetera Investment Advisers now owns 383,222 shares of the semiconductor company’s stock worth $52,137,000 after acquiring an additional 292,495 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TSM. Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, October 17th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

Taiwan Semiconductor Manufacturing Stock Down 1.4 %

TSM stock opened at $181.19 on Thursday. The company has a market cap of $939.73 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 0.85 and a beta of 1.12. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $95.25 and a twelve month high of $212.60. The business has a 50 day moving average price of $188.85 and a two-hundred day moving average price of $174.71. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 1.21%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

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.