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

A. D. Beadell Investment Counsel Inc. lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 5.0% during the fourth quarter, HoldingsChannel reports. The fund owned 33,747 shares of the semiconductor company’s stock after selling 1,785 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for about 5.4% of A. D. Beadell Investment Counsel Inc.’s investment portfolio, making the stock its biggest holding. A. D. Beadell Investment Counsel Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $6,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Private Client Services LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at about $201,000. Trust Co of the South increased its stake in Taiwan Semiconductor Manufacturing by 232.8% in the 4th quarter. Trust Co of the South now owns 8,869 shares of the semiconductor company’s stock valued at $1,752,000 after buying an additional 6,204 shares during the last quarter. NRI Wealth Management LC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $1,545,000. HF Advisory Group LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 55.5% during the 3rd quarter. HF Advisory Group LLC now owns 13,755 shares of the semiconductor company’s stock worth $2,389,000 after buying an additional 4,907 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its stake in shares of Taiwan Semiconductor Manufacturing by 33.7% in the 3rd quarter. Impax Asset Management Group plc now owns 26,418 shares of the semiconductor company’s stock worth $4,588,000 after buying an additional 6,664 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM traded up $0.52 during trading on Friday, hitting $207.64. 8,051,586 shares of the company’s stock traded hands, compared to its average volume of 13,913,685. The stock has a market capitalization of $1.08 trillion, a price-to-earnings ratio of 33.28, a PEG ratio of 0.93 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The business has a 50 day moving average of $196.64 and a 200-day moving average of $182.95. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $99.99 and a 12-month high of $222.20.

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 net margin of 39.10% and a return on equity of 27.44%. The company had revenue of $23.50 billion for the quarter, compared to analysts’ expectations of $22.72 billion. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.5484 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 35.10%.

Analysts Set New Price Targets

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