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

Brown Shipley& Co Ltd cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 34.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,098 shares of the semiconductor company’s stock after selling 2,646 shares during the quarter. Brown Shipley& Co Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $530,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new stake in Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $25,000. Financial Gravity Asset Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% in the 3rd 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. Sachetta LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $29,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $31,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Taiwan Semiconductor Manufacturing by 108.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 162 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Trading Up 3.5 %

NYSE TSM opened at $178.57 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.39 and a quick ratio of 2.13. The firm’s fifty day moving average price is $148.96 and its 200 day moving average price is $129.78. The company has a market capitalization of $926.14 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 1.18 and a beta of 1.11. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $84.01 and a 12 month high of $178.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $18.38 billion. On average, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.4865 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.76%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TSM. TD Cowen raised their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Susquehanna raised their price objective on shares of Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a report on Monday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.00.

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.