Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Bought by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. increased its holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 13.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,159 shares of the semiconductor company's stock after acquiring an additional 9,327 shares during the quarter. Pittenger & Anderson Inc.'s holdings in Taiwan Semiconductor Manufacturing were worth $12,808,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Heritage Wealth Advisors increased its holdings in shares of Taiwan Semiconductor Manufacturing by 20.0% in the 4th quarter. Heritage Wealth Advisors now owns 300 shares of the semiconductor company's stock valued at $59,000 after acquiring an additional 50 shares during the period. First Heartland Consultants Inc. increased its stake in Taiwan Semiconductor Manufacturing by 4.2% in the 4th quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock valued at $244,000 after buying an additional 50 shares during the period. Formidable Asset Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 3.2% in the 4th quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock valued at $317,000 after buying an additional 50 shares during the period. Connecticut Wealth Management LLC increased its stake in Taiwan Semiconductor Manufacturing by 0.7% in the 4th quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock valued at $1,465,000 after buying an additional 55 shares during the period. Finally, WealthCollab LLC increased its stake in Taiwan Semiconductor Manufacturing by 6.7% in the 4th quarter. WealthCollab LLC now owns 891 shares of the semiconductor company's stock valued at $176,000 after buying an additional 56 shares during the period. 16.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TSM shares. Susquehanna boosted their price objective on shares of Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the company a "positive" rating in a research note on Tuesday, June 17th. Barclays reaffirmed an "overweight" rating and set a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 3rd. Needham & Company LLC upped their price target on shares of Taiwan Semiconductor Manufacturing from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Finally, Citigroup reaffirmed a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $233.75.

Taiwan Semiconductor Manufacturing Price Performance

NYSE TSM traded up $0.62 during trading hours on Friday, reaching $230.38. The company's stock had a trading volume of 8,805,986 shares, compared to its average volume of 15,271,379. The stock has a market cap of $1.19 trillion, a PE ratio of 29.61, a PEG ratio of 1.25 and a beta of 1.29. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $237.58. The company's 50-day moving average is $206.45 and its two-hundred day moving average is $192.39. 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 issued its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $25.82 billion for the quarter, compared to analysts' expectations of $834.10 billion. Analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current 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 1.13%. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 31.75%.

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.