Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. cut its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,295 shares of the semiconductor company’s stock after selling 1,702 shares during the period. Coldstream Capital Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $3,021,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Morse Asset Management Inc raised its position in shares of Taiwan Semiconductor Manufacturing by 120.7% during the 3rd quarter. Morse Asset Management Inc now owns 17,703 shares of the semiconductor company’s stock valued at $3,074,000 after acquiring an additional 9,683 shares in the last quarter. Advisory Resource Group lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.4% in the 3rd quarter. Advisory Resource Group now owns 7,984 shares of the semiconductor company’s stock worth $1,387,000 after buying an additional 107 shares during the last quarter. Virtu Financial LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 242.1% in the 3rd quarter. Virtu Financial LLC now owns 28,669 shares of the semiconductor company’s stock valued at $4,979,000 after buying an additional 20,289 shares during the period. Chelsea Counsel Co. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 25.0% in the 3rd quarter. Chelsea Counsel Co. now owns 500 shares of the semiconductor company’s stock valued at $87,000 after buying an additional 100 shares during the period. Finally, Tudor Financial Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $530,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

TSM has been the topic of several analyst reports. Susquehanna restated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Barclays reiterated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday. Finally, StockNews.com downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Up 0.7 %

NYSE TSM opened at $165.28 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $133.21 and a 12 month high of $226.40. The company has a market capitalization of $857.21 billion, a P/E ratio of 23.48, a PEG ratio of 0.66 and a beta of 1.16. The company’s 50 day simple moving average is $169.09 and its 200 day simple moving average is $189.16. 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 posted its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion for the quarter, compared to analysts’ expectations of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.6855 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $2.74 dividend on an annualized basis and a yield of 1.66%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 27.76%.

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.