Maple Brown Abbott Ltd Trims Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Maple Brown Abbott Ltd reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 65.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,959 shares of the semiconductor company’s stock after selling 82,482 shares during the period. Taiwan Semiconductor Manufacturing accounts for 0.5% of Maple Brown Abbott Ltd’s portfolio, making the stock its 12th largest position. Maple Brown Abbott Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $4,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TSM. Financial Gravity Asset Management Inc. lifted its position in Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 211 shares during the period. MBM Wealth Consultants LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $27,000. PCA Investment Advisory Services Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the second quarter valued at approximately $29,000. First Financial Corp IN bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter worth approximately $31,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $31,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded down $1.31 during midday trading on Wednesday, hitting $138.49. 14,880,801 shares of the company traded hands, compared to its average volume of 15,327,289. The company’s 50-day moving average is $136.36 and its 200 day moving average is $112.42. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $81.21 and a 52 week high of $158.40. The firm has a market capitalization of $718.27 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15. The company has a quick ratio of 2.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings data on Thursday, January 18th. The semiconductor company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. Taiwan Semiconductor Manufacturing had a net margin of 38.80% and a return on equity of 25.24%. The company had revenue of $19.62 billion for the quarter, compared to the consensus estimate of $18.99 billion. On average, research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.15 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.27%. Taiwan Semiconductor Manufacturing’s payout ratio is 33.20%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TSM shares. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. TD Cowen upped their target price on shares of Taiwan Semiconductor Manufacturing from $85.00 to $95.00 and gave the stock a “market perform” rating in a research note on Friday, January 12th. Needham & Company LLC increased their price target on shares of Taiwan Semiconductor Manufacturing from $133.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Susquehanna boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.