A. D. Beadell Investment Counsel Inc. Has $6.66 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

A. D. Beadell Investment Counsel Inc. lowered its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,747 shares of the semiconductor company’s stock after selling 1,785 shares during the period. Taiwan Semiconductor Manufacturing comprises about 5.4% of A. D. Beadell Investment Counsel Inc.’s portfolio, making the stock its biggest position. A. D. Beadell Investment Counsel Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $6,664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ST Germain D J Co. Inc. lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 0.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 9,339 shares of the semiconductor company’s stock worth $1,844,000 after purchasing an additional 61 shares during the period. Legacy Private Trust Co. lifted its holdings in Taiwan Semiconductor Manufacturing by 69.1% during the 4th quarter. Legacy Private Trust Co. now owns 2,785 shares of the semiconductor company’s stock worth $550,000 after buying an additional 1,138 shares during the period. Private Client Services LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $201,000. Oriental Harbor Investment Fund bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $32,743,000. Finally, Birch Capital Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 0.4% in the fourth quarter. Birch Capital Management LLC now owns 19,345 shares of the semiconductor company’s stock valued at $3,820,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 0.3 %

Shares of NYSE:TSM traded up $0.52 during mid-day trading on Friday, hitting $207.64. The company had a trading volume of 8,051,586 shares, compared to its average volume of 13,913,685. The company has a market capitalization of $1.08 trillion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 0.93 and a beta of 1.07. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $99.99 and a one year high of $222.20. The firm has a fifty day moving average price of $196.64 and a 200 day moving average price of $182.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.20. The firm had revenue of $23.50 billion for the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. As a group, research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current 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. This represents a $2.19 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Tuesday, March 18th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 35.10%.

Wall Street Analyst Weigh In

TSM has been the topic of several analyst reports. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $214.00.

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.