JustInvest LLC cut its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 62.0% during the second quarter, HoldingsChannel.com reports. The fund owned 18,365 shares of the semiconductor company’s stock after selling 29,949 shares during the period. JustInvest LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $2,207,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Sanders Capital LLC raised its stake in Taiwan Semiconductor Manufacturing by 3.6% during the second quarter. Sanders Capital LLC now owns 40,434,002 shares of the semiconductor company’s stock worth $5,343,491,000 after purchasing an additional 1,391,488 shares during the period. Vontobel Holding Ltd. raised its stake in Taiwan Semiconductor Manufacturing by 0.8% during the first quarter. Vontobel Holding Ltd. now owns 20,071,365 shares of the semiconductor company’s stock worth $2,374,041,000 after purchasing an additional 168,757 shares during the period. Fiera Capital Corp raised its stake in Taiwan Semiconductor Manufacturing by 0.6% during the first quarter. Fiera Capital Corp now owns 15,902,700 shares of the semiconductor company’s stock worth $1,880,971,000 after purchasing an additional 93,751 shares during the period. BlackRock Inc. raised its stake in Taiwan Semiconductor Manufacturing by 23.5% during the first quarter. BlackRock Inc. now owns 13,754,055 shares of the semiconductor company’s stock worth $1,626,830,000 after purchasing an additional 2,613,327 shares during the period. Finally, Jennison Associates LLC raised its stake in Taiwan Semiconductor Manufacturing by 39.6% during the first quarter. Jennison Associates LLC now owns 13,534,561 shares of the semiconductor company’s stock worth $1,600,868,000 after purchasing an additional 3,839,316 shares during the period. 16.55% of the stock is currently owned by institutional investors.
Get Taiwan Semiconductor Manufacturing alerts: Shares of TSM stock traded down $2.37 during trading on Friday, reaching $118.42. The company’s stock had a trading volume of 245,391 shares, compared to its average volume of 10,310,362. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.92 and a quick ratio of 1.65. The company has a market capitalization of $614.14 billion, a price-to-earnings ratio of 31.56, a P/E/G ratio of 1.90 and a beta of 0.89. The stock’s 50-day moving average price is $117.96 and its 200 day moving average price is $117.59. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $76.17 and a 1-year high of $142.20.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. The firm had revenue of $372.15 billion during the quarter, compared to analysts’ expectations of $372.58 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.14% and a return on equity of 29.17%. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.66 earnings per share. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 13th. Shareholders of record on Friday, December 17th will be issued a dividend of $0.4941 per share. This represents a $1.98 annualized dividend and a yield of 1.67%. The ex-dividend date is Thursday, December 16th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s payout ratio is 41.59%.
A number of equities research analysts have recently issued reports on TSM shares. Susquehanna raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price target for the company from $85.00 to $105.00 in a research note on Wednesday, June 30th. Morgan Stanley downgraded shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 21st. Needham & Company LLC started coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 13th. They issued a “buy” rating and a $123.05 price target on the stock. Argus started coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 22nd. They issued a “buy” rating and a $150.00 price target on the stock. Finally, Susquehanna Bancshares raised shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their price target for the company from $85.00 to $105.00 in a research note on Wednesday, June 30th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $127.72.
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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