First Heartland Consultants Inc. Has $223,000 Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

First Heartland Consultants Inc. trimmed its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 23.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,882 shares of the semiconductor company’s stock after selling 562 shares during the period. First Heartland Consultants Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. grew its position in Taiwan Semiconductor Manufacturing by 3.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,975 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 73 shares during the last quarter. AFT Forsyth & Company Inc. grew its position in Taiwan Semiconductor Manufacturing by 3.9% in the 1st quarter. AFT Forsyth & Company Inc. now owns 2,410 shares of the semiconductor company’s stock worth $285,000 after purchasing an additional 90 shares during the last quarter. Cloverfields Capital Group LP grew its position in Taiwan Semiconductor Manufacturing by 1.8% in the 1st quarter. Cloverfields Capital Group LP now owns 5,386 shares of the semiconductor company’s stock worth $637,000 after purchasing an additional 97 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. grew its position in Taiwan Semiconductor Manufacturing by 51.9% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 284 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 97 shares during the last quarter. Finally, JNBA Financial Advisors grew its position in Taiwan Semiconductor Manufacturing by 12.5% in the 1st quarter. JNBA Financial Advisors now owns 902 shares of the semiconductor company’s stock worth $107,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 17.19% of the company’s stock.

Several analysts have issued reports on the stock. Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and raised their price target for the stock from $85.00 to $105.00 in a research report on Wednesday, June 30th. Atlantic Securities began coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, April 19th. They set a “neutral” rating on the stock. Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their target price for the company from $85.00 to $105.00 in a research report on Wednesday, June 30th. Morgan Stanley lowered shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 21st. Finally, Zacks Investment Research lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, July 17th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Taiwan Semiconductor Manufacturing has a consensus rating of “Buy” and a consensus target price of $127.72.

Shares of TSM stock opened at $117.87 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $66.75 and a 12-month high of $142.20. The company has a market cap of $611.28 billion, a P/E ratio of 30.96, a P/E/G ratio of 1.80 and a beta of 0.90. The company’s 50-day moving average price is $117.08. The company has a quick ratio of 1.49, a current ratio of 1.72 and a debt-to-equity ratio of 0.15.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. Taiwan Semiconductor Manufacturing had a net margin of 38.14% and a return on equity of 29.87%. The firm had revenue of $372.15 billion during the quarter, compared to the consensus estimate of $372.58 billion. During the same period last year, the firm posted $4.66 EPS. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. As a group, equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 14th. Investors of record on Friday, September 17th will be issued a dividend of $0.3917 per share. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.35. This represents a $1.57 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, September 16th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 41.59%.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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