8,172 Shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Acquired by Putney Financial Group LLC

Putney Financial Group LLC acquired a new position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,172 shares of the semiconductor company's stock, valued at approximately $1,614,000. Taiwan Semiconductor Manufacturing comprises 1.1% of Putney Financial Group LLC's investment portfolio, making the stock its 16th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Value Partners Investments Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at about $161,000. Vermillion Wealth Management Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $101,000. Forum Financial Management LP raised its position in shares of Taiwan Semiconductor Manufacturing by 10.1% during the 4th quarter. Forum Financial Management LP now owns 1,425 shares of the semiconductor company's stock valued at $281,000 after buying an additional 131 shares in the last quarter. Baer Investment Advisory LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $170,000. Finally, Castlekeep Investment Advisors LLC bought a new position in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $6,942,000. 16.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Stock Performance

Taiwan Semiconductor Manufacturing stock traded up $1.20 during trading hours on Thursday, reaching $197.34. 7,042,947 shares of the stock were exchanged, compared to its average volume of 15,838,208. 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's 50 day moving average is $170.49 and its 200 day moving average is $187.40. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $133.57 and a 52-week high of $226.40. The stock has a market cap of $1.02 trillion, a P/E ratio of 28.07, a P/E/G ratio of 0.66 and a beta of 1.21.

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, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. The firm had revenue of $25.82 billion during the quarter, compared to the consensus estimate of $834.10 billion. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

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

About Taiwan Semiconductor Manufacturing

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.