Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Holdings Lessened by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,948 shares of the semiconductor company’s stock after selling 1,799 shares during the quarter. Taiwan Semiconductor Manufacturing makes up about 4.4% of A. D. Beadell Investment Counsel Inc.’s holdings, making the stock its largest position. A. D. Beadell Investment Counsel Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $5,303,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Stablepoint Partners LLC grew its stake in Taiwan Semiconductor Manufacturing by 3.2% during the 1st quarter. Stablepoint Partners LLC now owns 13,072 shares of the semiconductor company’s stock worth $2,170,000 after buying an additional 410 shares during the last quarter. Insight Advisors LLC PA grew its position in shares of Taiwan Semiconductor Manufacturing by 38.5% during the first quarter. Insight Advisors LLC PA now owns 1,760 shares of the semiconductor company’s stock worth $292,000 after acquiring an additional 489 shares during the last quarter. KRS Capital Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 29.4% during the first quarter. KRS Capital Management LLC now owns 2,312 shares of the semiconductor company’s stock worth $384,000 after acquiring an additional 525 shares during the last quarter. Adamsbrown Wealth Consultants LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 1st quarter worth $323,000. Finally, Foster Group Inc. grew its position in Taiwan Semiconductor Manufacturing by 20.7% during the 1st quarter. Foster Group Inc. now owns 5,494 shares of the semiconductor company’s stock worth $912,000 after purchasing an additional 941 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Susquehanna reissued a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, April 25th. Citigroup reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Barclays lifted their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $217.00.

Taiwan Semiconductor Manufacturing Stock Up 0.5%

Taiwan Semiconductor Manufacturing stock opened at $203.34 on Friday. The stock’s 50 day moving average price is $173.54 and its 200 day moving average price is $187.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company has a market cap of $1.05 trillion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $133.57 and a 1-year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The company had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. On average, sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 30.46%.

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.