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

Pittenger & Anderson Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,289 shares of the semiconductor company’s stock after purchasing an additional 1,754 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $10,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Defender Capital LLC. lifted its stake in Taiwan Semiconductor Manufacturing by 3.7% in the 3rd quarter. Defender Capital LLC. now owns 1,565 shares of the semiconductor company’s stock worth $272,000 after acquiring an additional 56 shares in the last quarter. Seed Wealth Management Inc. increased its holdings in shares of Taiwan Semiconductor Manufacturing by 1.3% in the 2nd quarter. Seed Wealth Management Inc. now owns 4,558 shares of the semiconductor company’s stock valued at $792,000 after purchasing an additional 57 shares during the period. Keudell Morrison Wealth Management lifted its position in shares of Taiwan Semiconductor Manufacturing by 1.5% in the second quarter. Keudell Morrison Wealth Management now owns 4,027 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 59 shares in the last quarter. Heron Bay Capital Management boosted its holdings in shares of Taiwan Semiconductor Manufacturing by 1.0% during the second quarter. Heron Bay Capital Management now owns 5,710 shares of the semiconductor company’s stock worth $992,000 after purchasing an additional 59 shares during the period. Finally, Azzad Asset Management Inc. ADV grew its position in Taiwan Semiconductor Manufacturing by 0.4% during the third quarter. Azzad Asset Management Inc. ADV now owns 14,166 shares of the semiconductor company’s stock valued at $2,460,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE:TSM opened at $191.56 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.57 and a quick ratio of 2.30. The stock has a market capitalization of $993.51 billion, a P/E ratio of 30.70, a P/E/G ratio of 0.93 and a beta of 1.12. The business has a 50-day moving average of $180.90 and a two-hundred day moving average of $168.70. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $91.29 and a fifty-two week high of $212.60.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a $0.4871 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.02%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 31.57%.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Friday. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen raised their price target on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Finally, Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Taiwan Semiconductor Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $209.00.

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.