Brown Shipley& Co Ltd Sells 302 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Brown Shipley& Co Ltd lessened its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.7% in the third quarter, according to its most recent disclosure with the Securities & 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 holdings, making the stock its 28th biggest holding. Brown Shipley& Co Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $628,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Coppell Advisory Solutions Corp. acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at $205,000. LRI Investments LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at approximately $125,000. Sanibel Captiva Trust Company Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 0.5% during 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 purchasing an additional 104 shares during the last quarter. Burney Co. bought a new stake in Taiwan Semiconductor Manufacturing in the first quarter worth about $228,000. Finally, Cetera Investment Advisers grew its holdings in Taiwan Semiconductor Manufacturing by 322.4% during the first quarter. Cetera Investment Advisers now owns 383,222 shares of the semiconductor company’s stock valued at $52,137,000 after purchasing an additional 292,495 shares during the period. Institutional investors own 16.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $181.19 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $95.25 and a 1-year high of $212.60. 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 capitalization of $939.73 billion, a P/E ratio of 29.04, a P/E/G ratio of 0.85 and a beta of 1.12. The firm’s 50 day simple moving average is $188.85 and its two-hundred day simple moving average is $174.71.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Research analysts expect 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. Shareholders of record on Tuesday, March 18th will be paid a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 annualized dividend and a yield of 1.21%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.57%.

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 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.