A. D. Beadell Investment Counsel Inc. Reduces Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

A. D. Beadell Investment Counsel Inc. lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,532 shares of the semiconductor company’s stock after selling 2,140 shares during the period. Taiwan Semiconductor Manufacturing makes up about 4.9% of A. D. Beadell Investment Counsel Inc.’s investment portfolio, making the stock its largest holding. A. D. Beadell Investment Counsel Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $6,170,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp increased its stake in shares of Taiwan Semiconductor Manufacturing by 53.4% in the first quarter. Van ECK Associates Corp now owns 17,416,194 shares of the semiconductor company’s stock worth $2,369,473,000 after acquiring an additional 6,060,511 shares during the last quarter. Capital International Investors increased its stake in shares of Taiwan Semiconductor Manufacturing by 40.2% in the first quarter. Capital International Investors now owns 19,695,714 shares of the semiconductor company’s stock worth $2,679,602,000 after acquiring an additional 5,643,949 shares during the last quarter. PineStone Asset Management Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 116.3% in the second quarter. PineStone Asset Management Inc. now owns 7,784,316 shares of the semiconductor company’s stock worth $1,352,992,000 after purchasing an additional 4,186,133 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 669.7% in the second quarter. Clearbridge Investments LLC now owns 3,721,489 shares of the semiconductor company’s stock worth $646,832,000 after purchasing an additional 3,237,998 shares in the last quarter. Finally, Harding Loevner LP boosted its holdings in Taiwan Semiconductor Manufacturing by 20.9% in the fourth quarter. Harding Loevner LP now owns 11,616,715 shares of the semiconductor company’s stock worth $1,222,768,000 after purchasing an additional 2,008,043 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

TSM has been the subject of a number of recent research reports. Needham & Company LLC upped their price objective on shares of Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Susquehanna reiterated a “positive” rating and issued a $250.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Wednesday, August 14th. Finally, Sanford C. Bernstein upped their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Taiwan Semiconductor Manufacturing Price Performance

Shares of TSM traded down $0.83 during mid-day trading on Thursday, hitting $186.31. 2,524,320 shares of the company traded hands, compared to its average volume of 15,335,955. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.95 and a one year high of $193.47. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average of $170.27 and a 200 day moving average of $161.61. The stock has a market capitalization of $966.28 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 1.06 and a beta of 1.14.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, July 18th. The semiconductor company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a net margin of 37.85% and a return on equity of 25.54%. The business had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. Taiwan Semiconductor Manufacturing’s revenue was up 34.6% compared to the same quarter last year. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a $0.4871 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, December 12th. This represents a $1.95 annualized dividend and a dividend yield of 1.05%. Taiwan Semiconductor Manufacturing’s payout ratio is 36.95%.

Taiwan Semiconductor Manufacturing Company 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 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.