Pinnacle Wealth Planning Services Inc. Reduces Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Pinnacle Wealth Planning Services Inc. cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,500 shares of the semiconductor company's stock after selling 3,472 shares during the period. Pinnacle Wealth Planning Services Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $2,271,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TSM. Capital A Wealth Management LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $64,000. Discipline Wealth Solutions LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $323,000. Lakeshore Capital Group Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $2,225,000. Infinitum Asset Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $6,912,000. Finally, Heck Capital Advisors LLC bought a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth $416,000. Institutional investors own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Stock Up 0.6%

Taiwan Semiconductor Manufacturing stock traded up $1.10 during trading hours on Thursday, reaching $197.24. The stock had a trading volume of 7,558,150 shares, compared to its average volume of 15,839,420. The business's 50 day moving average price is $170.49 and its 200-day moving average price is $187.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. 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 market cap of $1.02 trillion, a price-to-earnings ratio of 27.99, a PEG ratio of 0.66 and a beta of 1.21.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 EPS 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 analysts' expectations of $834.10 billion. Sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is currently 27.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Needham & Company LLC restated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Finally, Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, April 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing 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.