Citizens National Bank Trust Department Sells 100 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Citizens National Bank Trust Department lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,226 shares of the semiconductor company’s stock after selling 100 shares during the quarter. Citizens National Bank Trust Department’s holdings in Taiwan Semiconductor Manufacturing were worth $2,818,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TSM. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $25,000. Reston Wealth Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $25,000. Olistico Wealth LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $27,000. Valley Wealth Managers Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $27,000. Finally, NewSquare Capital LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter worth approximately $29,000. Institutional investors own 16.51% of the company’s stock.

Analysts Set New Price Targets

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

Taiwan Semiconductor Manufacturing Trading Up 1.3 %

Shares of TSM opened at $192.95 on Monday. The company has a current ratio of 2.57, a quick ratio of 2.21 and a debt-to-equity ratio of 0.23. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $89.46 and a 12-month high of $212.60. The firm has a 50-day moving average price of $180.45 and a 200 day moving average price of $168.28. The firm has a market capitalization of $1.00 trillion, a P/E ratio of 30.92, a P/E/G ratio of 0.92 and a beta of 1.12.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.4871 per share. This represents a $1.95 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 31.57%.

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.