Bradley Foster & Sargent Inc. CT Reduces Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Bradley Foster & Sargent Inc. CT lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 7.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 19,371 shares of the semiconductor company’s stock after selling 1,615 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Taiwan Semiconductor Manufacturing were worth $3,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Panagora Asset Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 2.5% in the fourth quarter. Panagora Asset Management Inc. now owns 16,500 shares of the semiconductor company’s stock worth $1,716,000 after buying an additional 405 shares in the last quarter. Norges Bank purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $108,160,000. Gladstone Institutional Advisory LLC raised its position in shares of Taiwan Semiconductor Manufacturing by 5.1% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 6,179 shares of the semiconductor company’s stock worth $643,000 after buying an additional 302 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 17.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,075 shares of the semiconductor company’s stock worth $632,000 after buying an additional 922 shares in the last quarter. Finally, Sachetta LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Upgrades and Downgrades

TSM has been the topic of a number of recent analyst reports. TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Susquehanna reissued a “positive” rating and issued a $250.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, August 14th. Needham & Company LLC increased their target price on Taiwan Semiconductor Manufacturing from $168.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Barclays increased their target price on Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Finally, Sanford C. Bernstein increased their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Stock Down 0.0 %

Shares of NYSE:TSM opened at $167.29 on Thursday. The stock’s 50-day moving average price is $167.47 and its 200-day moving average price is $157.46. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $84.01 and a 12-month high of $193.47. The stock has a market capitalization of $867.63 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 0.99 and a beta of 1.14. The company has a current ratio of 2.47, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, July 18th. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. Taiwan Semiconductor Manufacturing had a return on equity of 25.54% and a net margin of 37.85%. The firm had revenue of $20.82 billion for the quarter, compared to analysts’ expectations of $20.33 billion. During the same period last year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. On average, equities analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.45 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 37.71%.

Taiwan Semiconductor Manufacturing Company 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.