Addison Advisors LLC Cuts Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Addison Advisors LLC trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,784 shares of the semiconductor company’s stock after selling 90 shares during the period. Addison Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $186,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $31,000. Creative Financial Designs Inc. ADV boosted its holdings in 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 valued at $32,000 after purchasing an additional 162 shares in the last quarter. Financial Gravity Asset Management Inc. boosted its holdings in 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 valued at $27,000 after purchasing an additional 211 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $37,000. Finally, Baystate Wealth Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 53.5% in the third quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 138 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of TSM stock traded up $1.72 during trading hours on Friday, hitting $138.30. The stock had a trading volume of 9,453,393 shares, compared to its average volume of 15,706,765. The firm has a market capitalization of $717.28 billion, a PE ratio of 26.34, a PEG ratio of 0.97 and a beta of 1.15. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $82.16 and a twelve month high of $158.40. The stock’s 50 day moving average is $137.06 and its 200 day moving average is $114.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.33 and a quick ratio of 2.06.

Taiwan Semiconductor Manufacturing Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 13th will be issued a $0.4408 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is currently 32.76%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TSM shares. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. TD Cowen increased their price objective on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Finally, Barclays increased their price objective on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.