Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Shelton Capital Management

Shelton Capital Management trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 37.0% during the second quarter, Holdings Channel reports. The firm owned 15,505 shares of the semiconductor company’s stock after selling 9,116 shares during the quarter. Shelton Capital Management’s holdings in Taiwan Semiconductor Manufacturing were worth $1,565,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth $1,131,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 89.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 7,149 shares of the semiconductor company’s stock worth $722,000 after acquiring an additional 3,380 shares during the period. Schwartz Investment Counsel Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 21,250 shares of the semiconductor company’s stock worth $2,145,000 after acquiring an additional 250 shares during the period. Artisan Partners Limited Partnership increased its holdings in shares of Taiwan Semiconductor Manufacturing by 144.1% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,975,668 shares of the semiconductor company’s stock worth $300,304,000 after acquiring an additional 1,756,549 shares during the period. Finally, Private Advisor Group LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 6.7% in the 2nd quarter. Private Advisor Group LLC now owns 40,531 shares of the semiconductor company’s stock worth $4,074,000 after acquiring an additional 2,536 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSM has been the topic of a number of analyst reports. Susquehanna dropped their price objective on shares of Taiwan Semiconductor Manufacturing from $135.00 to $130.00 in a report on Monday, October 9th. Barclays initiated coverage on shares of Taiwan Semiconductor Manufacturing in a report on Monday, October 23rd. They issued an “overweight” rating and a $105.00 price objective on the stock. StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $115.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.67.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM opened at $99.58 on Friday. The firm has a 50-day moving average price of $90.16 and a 200 day moving average price of $94.38. The firm has a market capitalization of $516.46 billion, a PE ratio of 17.91, a P/E/G ratio of 2.77 and a beta of 1.04. The company has a quick ratio of 1.88, a current ratio of 2.15 and a debt-to-equity ratio of 0.29. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $72.84 and a 52-week high of $110.69.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its earnings results on Thursday, October 19th. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. The firm had revenue of $17.28 billion during the quarter, compared to analyst estimates of $16.90 billion. Taiwan Semiconductor Manufacturing had a net margin of 41.42% and a return on equity of 28.28%. Taiwan Semiconductor Manufacturing’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.79 EPS. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.97 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Tuesday, March 19th will be paid a $0.5415 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.17 annualized dividend and a dividend yield of 2.17%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.47. Taiwan Semiconductor Manufacturing’s payout ratio is currently 26.44%.

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