M&T Bank Corp Has $19.38 Million Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

M&T Bank Corp lowered its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 186,279 shares of the semiconductor company’s stock after selling 1,522 shares during the period. M&T Bank Corp’s holdings in Taiwan Semiconductor Manufacturing were worth $19,377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSM. Financial Gravity Asset Management Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 208.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after buying an additional 211 shares during the last quarter. Farmers & Merchants Investments Inc. bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $31,000. Creative Financial Designs Inc. ADV increased its stake in shares of Taiwan Semiconductor Manufacturing by 108.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 311 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 162 shares during the period. Baystate Wealth Management LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 53.5% in the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 138 shares during the period. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

TSM traded up $5.33 during trading on Friday, reaching $141.56. 13,264,336 shares of the company’s stock were exchanged, compared to its average volume of 15,843,582. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $82.53 and a fifty-two week high of $158.40. The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $138.12 and a 200 day moving average price of $116.26. The company has a market capitalization of $734.19 billion, a P/E ratio of 26.96, a PEG ratio of 1.01 and a beta of 1.13.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.4408 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.76 dividend on an annualized basis and a yield of 1.25%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 32.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TSM shares. TD Cowen lifted their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Barclays lifted their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, April 2nd. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $157.00.

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.