American Trust Has $6.72 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

American Trust reduced its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,038 shares of the semiconductor company's stock after selling 2,495 shares during the quarter. American Trust's holdings in Taiwan Semiconductor Manufacturing were worth $6,722,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Accel Wealth Management grew its position in Taiwan Semiconductor Manufacturing by 2.5% in the 4th quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company's stock valued at $402,000 after buying an additional 49 shares in the last quarter. WP Advisors LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% in the fourth quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company's stock worth $843,000 after buying an additional 50 shares during the period. Heritage Wealth Advisors boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 20.0% in the fourth quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock worth $59,000 after buying an additional 50 shares during the period. First Heartland Consultants Inc. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.2% in the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock worth $244,000 after buying an additional 50 shares during the period. Finally, Formidable Asset Management LLC boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 3.2% during the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock worth $317,000 after purchasing an additional 50 shares during the period. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on TSM. Wall Street Zen lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Susquehanna reaffirmed a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Citigroup reiterated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday. Needham & Company LLC restated a "buy" rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Finally, Barclays restated a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Taiwan Semiconductor Manufacturing has a consensus rating of "Moderate Buy" and an average price target of $212.00.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded up $5.83 during trading hours on Tuesday, reaching $197.81. The company's stock had a trading volume of 12,199,029 shares, compared to its average volume of 15,856,385. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $133.57 and a 52 week high of $226.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. The firm has a market cap of $1.03 trillion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The company's 50-day moving average is $169.69 and its 200-day moving average is $187.26.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a $0.6499 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is currently 27.76%.

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.