Stock Yards Bank & Trust Co. Cuts Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Stock Yards Bank & Trust Co. trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 35.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,996 shares of the semiconductor company’s stock after selling 2,755 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $520,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Atlas Private Wealth Advisors increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.3% during the fourth quarter. Atlas Private Wealth Advisors now owns 3,288 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 104 shares in the last quarter. Advisory Resource Group increased its stake in shares of Taiwan Semiconductor Manufacturing by 1.3% during the fourth quarter. Advisory Resource Group now owns 8,523 shares of the semiconductor company’s stock worth $886,000 after purchasing an additional 108 shares in the last quarter. Baystate Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 28.8% during the fourth quarter. Baystate Wealth Management LLC now owns 510 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 114 shares in the last quarter. Waverly Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 3.8% during the third quarter. Waverly Advisors LLC now owns 3,145 shares of the semiconductor company’s stock worth $273,000 after purchasing an additional 116 shares in the last quarter. Finally, CVA Family Office LLC grew its stake in Taiwan Semiconductor Manufacturing by 3.7% during the 4th quarter. CVA Family Office LLC now owns 3,463 shares of the semiconductor company’s stock valued at $360,000 after acquiring an additional 125 shares in the last quarter. 16.51% of the stock is owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

NYSE:TSM opened at $133.49 on Wednesday. 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 has a market capitalization of $692.33 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 0.93 and a beta of 1.15. The company’s 50-day moving average is $136.61 and its two-hundred day moving average is $114.01. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $81.21 and a 1-year high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently announced 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 is Thursday, June 13th. This represents a $1.76 annualized dividend and a yield of 1.32%. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

Wall Street Analyst Weigh In

TSM has been the subject of several research reports. 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 research note on Tuesday, April 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Barclays upped their price objective on shares of 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 raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, TD Cowen upped 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. One equities research analyst has rated the stock with a hold rating and four have assigned 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 price target 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.