Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Bought by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,584 shares of the semiconductor company’s stock after purchasing an additional 151 shares during the period. Pinnacle Bancorp Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $313,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TSM. Redhawk Wealth Advisors Inc. acquired a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth about $227,000. Armstrong Advisory Group Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 5.9% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,654 shares of the semiconductor company’s stock worth $327,000 after acquiring an additional 92 shares in the last quarter. Cox Capital Mgt LLC increased its stake in Taiwan Semiconductor Manufacturing by 0.4% in the 4th quarter. Cox Capital Mgt LLC now owns 20,674 shares of the semiconductor company’s stock valued at $4,083,000 after purchasing an additional 75 shares in the last quarter. Richard P Slaughter Associates Inc raised its holdings in Taiwan Semiconductor Manufacturing by 5.1% during the fourth quarter. Richard P Slaughter Associates Inc now owns 24,518 shares of the semiconductor company’s stock worth $4,842,000 after purchasing an additional 1,184 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Taiwan Semiconductor Manufacturing by 37.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,024 shares of the semiconductor company’s stock worth $1,190,000 after purchasing an additional 1,650 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TSM. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a report on Friday, October 18th. Finally, StockNews.com cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Taiwan Semiconductor Manufacturing Trading Up 2.7 %

Shares of TSM stock opened at $206.93 on Thursday. The company has a market capitalization of $1.07 trillion, a price-to-earnings ratio of 33.16, a PEG ratio of 0.76 and a beta of 1.07. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $197.26 and a 200 day moving average price of $183.79. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $100.00 and a twelve month high of $222.20.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Thursday, October 17th. The semiconductor company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.20. Taiwan Semiconductor Manufacturing had a net margin of 39.10% and a return on equity of 27.44%. The business had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Research analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.92 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 annualized dividend and a yield of 1.06%. Taiwan Semiconductor Manufacturing’s payout ratio is 30.77%.

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.