Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Position Reduced by Kovack Advisors Inc.

Kovack Advisors Inc. lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,239 shares of the semiconductor company’s stock after selling 138 shares during the period. Kovack Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Toth Financial Advisory Corp raised its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% during the 1st 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. increased its stake 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 purchasing an additional 90 shares during the last quarter. Avestar Capital LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.8% during the 4th quarter. Avestar Capital LLC now owns 5,427 shares of the semiconductor company’s stock valued at $567,000 after purchasing an additional 95 shares in the last quarter. Mather Group LLC. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 2.0% in the 4th quarter. Mather Group LLC. now owns 4,819 shares of the semiconductor company’s stock valued at $501,000 after purchasing an additional 96 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in Taiwan Semiconductor Manufacturing by 2.3% in 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 in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on TSM shares. Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $180.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 17th. Sanford C. Bernstein upped their target price on Taiwan Semiconductor Manufacturing from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Needham & Company LLC restated a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Wednesday, May 22nd. Barclays raised their target price 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. Finally, StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $173.60.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM traded up $6.79 during trading hours on Thursday, hitting $182.49. 11,808,737 shares of the company traded hands, compared to its average volume of 15,203,722. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.01 and a twelve month high of $184.86. The firm has a 50-day moving average of $157.45 and a 200 day moving average of $136.07. The stock has a market capitalization of $946.47 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 1.20 and a beta of 1.14.

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

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently announced 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 is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a yield of 1.07%. 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 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.