Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. lessened its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,414 shares of the semiconductor company’s stock after selling 92 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $251,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Farmers & Merchants Investments Inc. acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV lifted its stake in shares of Taiwan Semiconductor Manufacturing by 108.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after buying an additional 162 shares during the period. Financial Gravity Asset Management Inc. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 208.9% during the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 211 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $37,000. Finally, Baystate Wealth Management LLC raised its stake in Taiwan Semiconductor Manufacturing by 53.5% in the 3rd quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $138.53 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06. The firm’s 50 day simple moving average is $137.30 and its 200-day simple moving average is $115.30. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $82.44 and a 12 month high of $158.40. The stock has a market capitalization of $718.47 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 0.99 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be issued a $0.4408 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.27%. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

Wall Street Analyst Weigh In

TSM has been the topic of several research analyst reports. Barclays boosted their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. TD Cowen lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, April 18th. Susquehanna upped their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

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.