M&T Bank Corp Reduces Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

M&T Bank Corp reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 186,279 shares of the semiconductor company’s stock after selling 1,522 shares during the quarter. M&T Bank Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $19,377,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Financial Gravity Asset Management Inc. grew its holdings 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 period. Farmers & Merchants Investments Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $31,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Taiwan Semiconductor Manufacturing by 108.7% during the 4th 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 during the period. Baystate Wealth Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 53.5% during the 3rd quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 138 shares during the period. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $37,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 3.9 %

TSM stock traded up $5.33 during mid-day trading on Friday, reaching $141.56. The company had a trading volume of 13,264,336 shares, compared to its average volume of 15,843,582. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.06 and a current ratio of 2.33. The company has a market capitalization of $734.19 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The firm has a fifty day simple moving average of $138.12 and a 200 day simple moving average of $116.26. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $82.53 and a fifty-two week high of $158.40.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be given a $0.4408 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Wall Street Analysts Forecast Growth

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