Maple Brown Abbott Ltd Lowers Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Maple Brown Abbott Ltd reduced its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 65.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,959 shares of the semiconductor company’s stock after selling 82,482 shares during the quarter. Taiwan Semiconductor Manufacturing comprises about 0.5% of Maple Brown Abbott Ltd’s portfolio, making the stock its 12th biggest position. Maple Brown Abbott Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $4,572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TSM. Financial Gravity Asset Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 211 shares in the last quarter. MBM Wealth Consultants LLC bought a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter valued at $27,000. PCA Investment Advisory Services Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at $29,000. First Financial Corp IN purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at $31,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $31,000. 16.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. TD Cowen lifted their target price on Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the company a “market perform” rating in a research note on Friday, January 12th. Susquehanna boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, April 2nd. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, Needham & Company LLC raised their price objective on Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average target price of $147.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM stock traded down $1.31 during trading on Wednesday, reaching $138.49. The company had a trading volume of 14,880,801 shares, compared to its average volume of 15,327,289. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.13 and a current ratio of 2.40. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $81.21 and a twelve month high of $158.40. The company has a market cap of $718.27 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15. The firm has a 50-day simple moving average of $136.36 and a 200-day simple moving average of $112.42.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The firm had revenue of $19.62 billion for the quarter, compared to analyst estimates of $18.99 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 13th will be given a dividend of $0.4408 per share. This represents a $1.76 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 33.20%.

Taiwan Semiconductor Manufacturing Profile

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