Mitchell Mcleod Pugh & Williams Inc. Sells 92 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Mitchell Mcleod Pugh & Williams Inc. reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Farmers & Merchants Investments Inc. purchased a new position in Taiwan Semiconductor Manufacturing in the fourth quarter worth $31,000. Creative Financial Designs Inc. ADV grew its position in 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 valued at $32,000 after acquiring an additional 162 shares during the last quarter. Financial Gravity Asset Management Inc. raised its stake 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 worth $27,000 after acquiring an additional 211 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $37,000. Finally, Baystate Wealth Management LLC boosted its stake in shares of Taiwan Semiconductor Manufacturing by 53.5% in the 3rd quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 138 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 0.2 %

Shares of NYSE:TSM opened at $138.53 on Tuesday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $82.44 and a 1 year high of $158.40. 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 stock’s 50-day moving average is $137.30 and its 200 day moving average is $115.30. The company has a market cap of $718.47 billion, a PE ratio of 26.39, a P/E/G ratio of 0.99 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. TD Cowen lifted their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. StockNews.com upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Needham & Company LLC restated a “buy” rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 18th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Susquehanna increased their price objective on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of “Moderate Buy” and an average target price of $157.00.

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.