J.W. Cole Advisors Inc. Cuts Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

J.W. Cole Advisors Inc. lowered its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 32.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,951 shares of the semiconductor company’s stock after selling 2,377 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $515,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV boosted its stake in Taiwan Semiconductor Manufacturing by 108.7% in the 4th 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 in the last quarter. Financial Gravity Asset Management Inc. boosted its stake in Taiwan Semiconductor Manufacturing by 208.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 312 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 211 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $37,000. Finally, Baystate Wealth Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 53.5% in the 3rd quarter. Baystate Wealth Management LLC now owns 396 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE TSM opened at $133.49 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 2.06 and a debt-to-equity ratio of 0.27. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $81.21 and a 12 month high of $158.40. The company has a 50 day simple moving average of $136.61 and a two-hundred day simple moving average of $114.01. The stock has a market cap of $692.33 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 0.93 and a beta of 1.15.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently disclosed 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. This represents a $1.76 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, June 13th. Taiwan Semiconductor Manufacturing’s payout ratio is 32.76%.

Analyst Upgrades and Downgrades

TSM has been the subject of a number of recent analyst reports. TD Cowen lifted their target price on shares of Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, April 18th. StockNews.com upgraded shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Barclays lifted their target price on shares of Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Needham & Company LLC reiterated a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 18th. Finally, Susquehanna lifted their price objective on shares of Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.