Pinnacle Financial Partners Inc Has $706,000 Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Pinnacle Financial Partners Inc lifted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,577 shares of the semiconductor company’s stock after purchasing an additional 428 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Taiwan Semiconductor Manufacturing were worth $706,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Accel Wealth Management raised its holdings in shares of Taiwan Semiconductor Manufacturing by 2.5% in the 4th quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company’s stock valued at $402,000 after acquiring an additional 49 shares in the last quarter. FWG Holdings LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 3,106 shares of the semiconductor company’s stock valued at $539,000 after acquiring an additional 50 shares in the last quarter. Elmwood Wealth Management Inc. raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.7% in the 4th quarter. Elmwood Wealth Management Inc. now owns 1,405 shares of the semiconductor company’s stock valued at $277,000 after acquiring an additional 50 shares in the last quarter. WP Advisors LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 1.2% in the 4th quarter. WP Advisors LLC now owns 4,271 shares of the semiconductor company’s stock valued at $843,000 after acquiring an additional 50 shares in the last quarter. Finally, Gilman Hill Asset Management LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.3% in the 4th quarter. Gilman Hill Asset Management LLC now owns 1,614 shares of the semiconductor company’s stock valued at $319,000 after acquiring an additional 52 shares in the last quarter. 16.51% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

Shares of Taiwan Semiconductor Manufacturing stock opened at $198.40 on Monday. 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 market capitalization of $1.03 trillion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06. The business’s 50-day moving average price is $205.80 and its 200-day moving average price is $191.07. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $125.78 and a 12 month high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 annualized dividend and a yield of 1.38%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, June 12th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 31.11%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TSM. Barclays raised their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 17th. StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Moderate Buy” and an average price target of $220.00.

Taiwan Semiconductor Manufacturing Company Profile

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.