Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP lessened its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 6.7% in the 1st quarter, HoldingsChannel reports. The fund owned 2,887 shares of the semiconductor company’s stock after selling 208 shares during the period. Mirador Capital Partners LP’s holdings in Taiwan Semiconductor Manufacturing were worth $393,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TSM. Toth Financial Advisory Corp grew its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% during the first quarter. Toth Financial Advisory Corp now owns 2,288 shares of the semiconductor company’s stock worth $311,000 after purchasing an additional 74 shares in the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing by 3.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 3,081 shares of the semiconductor company’s stock worth $431,000 after acquiring an additional 90 shares in the last quarter. Avestar Capital LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1.8% in the 4th quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock valued at $567,000 after acquiring an additional 95 shares during the last quarter. Mather Group LLC. raised its position in shares of Taiwan Semiconductor Manufacturing by 2.0% during the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock worth $501,000 after acquiring an additional 96 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in Taiwan Semiconductor Manufacturing by 2.3% during the fourth quarter. Benjamin Edwards Inc. now owns 4,239 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 96 shares during the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays increased their price target on shares of Taiwan Semiconductor Manufacturing from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Needham & Company LLC reiterated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Sanford C. Bernstein upped their price objective on shares of Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, Susquehanna upped their target price on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the company a “positive” rating in a research report on Monday, June 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $173.60.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $172.39 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.01 and a one year high of $184.86. The stock has a market capitalization of $894.09 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 1.19 and a beta of 1.14. The company has a 50-day simple moving average of $155.76 and a 200-day simple moving average of $135.07. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.13 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 24.75% and a net margin of 38.15%. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. On average, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be given a $0.4865 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 1.13%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.76%.

Taiwan Semiconductor Manufacturing 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.