Eqis Capital Management Inc. cut its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,653 shares of the semiconductor company’s stock after selling 1,389 shares during the period. Eqis Capital Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $5,726,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 2nd quarter valued at $25,000. LFA Lugano Financial Advisors SA bought a new stake in Taiwan Semiconductor Manufacturing during the second quarter valued at about $28,000. Milestone Resources Group Ltd lifted its position 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 acquiring an additional 87 shares in the last quarter. Atlas Private Wealth Advisors boosted 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 worth $31,000 after acquiring an additional 174 shares during the period. Finally, Private Ocean LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the second quarter worth about $32,000. 16.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE TSM traded up $0.10 during trading hours on Thursday, hitting $115.97. 109,027 shares of the company traded hands, compared to its average volume of 10,266,442. The stock has a market capitalization of $601.43 billion, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 1.90 and a beta of 0.89. The company’s 50 day moving average price is $117.39 and its 200 day moving average price is $117.35. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $76.17 and a 12 month high of $142.20. The company has a current ratio of 1.92, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 13th. Shareholders of record on Friday, December 17th will be given a dividend of $0.4941 per share. This represents a $1.98 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, December 16th. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. Taiwan Semiconductor Manufacturing’s payout ratio is 46.31%.
TSM has been the subject of a number of research analyst reports. Argus began coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 22nd. They set a “buy” rating and a $150.00 price objective for the company. Susquehanna upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and lifted their price target for the company from $85.00 to $105.00 in a report on Wednesday, June 30th. Morgan Stanley downgraded shares of Taiwan Semiconductor Manufacturing from an “overweight” rating to an “equal weight” rating in a report on Monday, June 21st. Susquehanna Bancshares upgraded Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and boosted their target price for the stock from $85.00 to $105.00 in a research report on Wednesday, June 30th. Finally, Needham & Company LLC started coverage on Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 13th. They issued a “buy” rating and a $123.05 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $127.72.
Taiwan Semiconductor Manufacturing 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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