A. D. Beadell Investment Counsel Inc. Sells 1,799 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

A. D. Beadell Investment Counsel Inc. trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 5.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,948 shares of the semiconductor company's stock after selling 1,799 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 4.4% of A. D. Beadell Investment Counsel Inc.'s investment portfolio, making the stock its biggest position. A. D. Beadell Investment Counsel Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $5,303,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TSM. Stablepoint Partners LLC boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.2% in the 1st quarter. Stablepoint Partners LLC now owns 13,072 shares of the semiconductor company's stock valued at $2,170,000 after purchasing an additional 410 shares during the period. Insight Advisors LLC PA lifted its stake in 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 valued at $292,000 after buying an additional 489 shares in the last quarter. KRS Capital Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 29.4% in the first quarter. KRS Capital Management LLC now owns 2,312 shares of the semiconductor company's stock worth $384,000 after buying an additional 525 shares during the period. Adamsbrown Wealth Consultants LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the first quarter worth approximately $323,000. Finally, Foster Group Inc. increased its position in shares of Taiwan Semiconductor Manufacturing by 20.7% in the first quarter. Foster Group Inc. now owns 5,494 shares of the semiconductor company's stock worth $912,000 after acquiring an additional 941 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on TSM. Barclays reaffirmed an "overweight" rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 17th. Finally, Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and an average target price of $217.00.

Taiwan Semiconductor Manufacturing Stock Up 0.9%

TSM stock traded up $1.76 during midday trading on Friday, reaching $205.10. The company had a trading volume of 8,522,435 shares, compared to its average volume of 15,782,269. The company has a 50 day moving average of $173.54 and a two-hundred day moving average of $187.77. The company has a market capitalization of $1.06 trillion, a P/E ratio of 29.13, a PEG 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. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.27%. Taiwan Semiconductor Manufacturing's dividend payout ratio is 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.