Mitchell Mcleod Pugh & Williams Inc. Grows Stock Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Mitchell Mcleod Pugh & Williams Inc. increased its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 85.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,580 shares of the semiconductor company's stock after purchasing an additional 2,111 shares during the period. Mitchell Mcleod Pugh & Williams Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $760,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. IMG Wealth Management Inc. purchased a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $26,000. City Holding Co. boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 238.0% during the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 119 shares during the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth $31,000. Signature Resources Capital Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 138.8% in the first quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 111 shares during the period. Finally, Glass Jacobson Investment Advisors llc increased its stake in Taiwan Semiconductor Manufacturing by 289.4% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 16.51% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Needham & Company LLC raised their price target on Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Susquehanna boosted their target price on shares of Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a report on Monday. Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Finally, Barclays reissued an "overweight" rating and set a $240.00 price objective (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of "Moderate Buy" and a consensus price target of $236.25.

Taiwan Semiconductor Manufacturing Trading Up 3.6%

Shares of NYSE:TSM traded up $8.27 during trading on Tuesday, reaching $236.94. 7,623,719 shares of the stock were exchanged, compared to its average volume of 15,224,118. The firm's 50-day moving average price is $207.50 and its 200 day moving average price is $192.50. The firm has a market cap of $1.23 trillion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 1.25 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a 12-month low of $133.57 and a 12-month high of $237.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The company had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal 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 issued a $0.6499 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.10%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 31.75%.

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.