Pittenger & Anderson Inc. Lowers Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Pittenger & Anderson Inc. lessened its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,490 shares of the semiconductor company’s stock after selling 1,611 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $4,939,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TSM. Farmers & Merchants Investments Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth $31,000. Creative Financial Designs Inc. ADV increased 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 purchasing an additional 162 shares in the last quarter. Financial Gravity Asset Management Inc. raised its position in shares of Taiwan Semiconductor Manufacturing by 208.9% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 211 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $37,000. Finally, Baystate Wealth Management LLC boosted its holdings 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 buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Up 1.1 %

Shares of TSM stock traded up $1.52 on Friday, hitting $138.10. 6,220,683 shares of the stock traded hands, compared to its average volume of 15,770,962. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $82.16 and a twelve month high of $158.40. The firm’s 50-day moving average price is $136.83 and its two-hundred day moving average price is $114.30. The stock has a market capitalization of $716.24 billion, a PE ratio of 26.31, a PEG ratio of 0.95 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be paid a $0.4408 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.76 annualized dividend and a dividend yield of 1.28%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.76%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. 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 note on Thursday, April 18th. Susquehanna increased their target price on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. 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. Finally, 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently 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.