SeaBridge Investment Advisors LLC lessened its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 4.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 70,190 shares of the semiconductor company’s stock after selling 2,971 shares during the period. Taiwan Semiconductor Manufacturing makes up 2.7% of SeaBridge Investment Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. SeaBridge Investment Advisors LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $8,434,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $25,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the second quarter valued at about $28,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at about $30,000. Milestone Resources Group Ltd lifted its stake in shares of Taiwan Semiconductor Manufacturing by 54.4% in the second quarter. Milestone Resources Group Ltd now owns 247 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 87 shares during the period. Finally, Atlas Private Wealth Advisors lifted its stake in shares of Taiwan Semiconductor Manufacturing by 202.3% in the second quarter. Atlas Private Wealth Advisors now owns 260 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 174 shares during the period. Institutional investors own 16.55% of the company’s stock.
Several analysts recently commented on TSM shares. Zacks Investment Research cut shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “sell” rating in a research note on Tuesday, August 31st. Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their target price for the stock from $85.00 to $105.00 in a research report on Wednesday, June 30th. Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their target price for the stock from $85.00 to $105.00 in a research report on Wednesday, June 30th. Argus initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 22nd. They set a “buy” rating and a $150.00 target price for the company. Finally, Morgan Stanley downgraded shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a report on Monday, June 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has an average rating of “Hold” and a consensus price target of $127.72.
[TSM] traded down $1.93 on Wednesday, reaching $121.16. The company had a trading volume of 129,913 shares, compared to its average volume of 10,354,413. The company has a fifty day moving average of $117.84 and a 200-day moving average of $117.54. The company has a market capitalization of $628.35 billion, a P/E ratio of 32.74, a PEG ratio of 1.90 and a beta of 0.89. The company has a current ratio of 1.92, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $76.17 and a one year high of $142.20.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.93. Taiwan Semiconductor Manufacturing had a net margin of 38.14% and a return on equity of 29.17%. The company had revenue of $372.15 billion during the quarter, compared to the consensus estimate of $372.58 billion. During the same period in the prior year, the company earned $4.66 EPS. Taiwan Semiconductor Manufacturing’s revenue was up 19.8% on a year-over-year basis. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 13th. Stockholders of record on Friday, December 17th will be issued a $0.4941 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, December 16th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 1.63%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 41.59%.
Taiwan Semiconductor Manufacturing Company Profile
Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.
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