Infrastructure Capital Advisors LLC Reduces Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Infrastructure Capital Advisors LLC lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 73.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 400 shares of the semiconductor company’s stock after selling 1,100 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $69,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Carl P. Sherr & Co. LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 47.0% during the 3rd quarter. Carl P. Sherr & Co. LLC now owns 2,455 shares of the semiconductor company’s stock valued at $426,000 after acquiring an additional 785 shares during the period. Pin Oak Investment Advisors Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 49.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 391 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 130 shares during the period. Financial Counselors Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 0.9% during the 3rd quarter. Financial Counselors Inc. now owns 15,466 shares of the semiconductor company’s stock valued at $2,686,000 after acquiring an additional 133 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 799.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,899,088 shares of the semiconductor company’s stock valued at $329,815,000 after acquiring an additional 1,687,886 shares during the period. Finally, Noesis Capital Mangement Corp lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 10.8% in the 3rd quarter. Noesis Capital Mangement Corp now owns 116,114 shares of the semiconductor company’s stock worth $20,166,000 after buying an additional 11,320 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TSM. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Barclays upped their target price on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Trading Down 1.4 %

TSM opened at $181.19 on Friday. The firm has a market cap of $939.73 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 0.84 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $95.25 and a 12 month high of $212.60. The stock has a fifty day moving average price of $188.95 and a 200-day moving average price of $174.75.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. The firm had revenue of $23.50 billion during the quarter, compared to analyst estimates 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be given a dividend of $0.5484 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, March 18th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 31.57%.

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.