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Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares sold by CCLA Investment Management Ltd


CCLA Investment Management Ltd reduced its holdings of shares in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) by 4.6% during the 1st quarter, HoldingsChannel reports. The company held 127,919 shares of the semiconductor company after selling 6,164 shares during the period. CCLA Investment Management Ltd’s holdings in Taiwan Semiconductor Manufacturing were worth $13,416,000 at the end of the last reporting period.

Several other institutional investors and hedge funds have also recently increased or reduced their stake in TSM. Rise Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing during Q4 valued at $26,000. Curi Wealth Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing during Q4 valued at $28,000. Retirement Planning Co of New England Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during Q4, valued at approximately $37,000. Rather & Kittrell Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during Q4, valued at approximately $37,000. Finally, Paragon Capital Management Ltd acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter, valued at approximately $40,000.

Taiwan semiconductor manufacturing stock up 3.8%

Shares of TSM opened at $87.63 on Thursday. The company has a market capitalization of $454.46 billion, a P/E ratio of 16.92 and a beta of 0.99. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $73.74 and a 12-month high of $145.00. The company’s 50-day moving average price is $86.59 and its 200-day moving average price is $101.05. The company has a current ratio of 2.09, a quick ratio of 1.85 and a debt ratio of 0.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last released quarterly earnings data on Thursday, July 14. The semiconductor company reported earnings per share (EPS) of $1.55 for the quarter, beating the consensus estimate of $1.50 by $0.05. The company posted revenue of $18.16 billion for the quarter, versus analyst estimates of $18.68 billion. Taiwan Semiconductor Manufacturing achieved a net margin of 40.53% and a return on equity of 34.31%. On average, sell-side analysts expect Taiwan Semiconductor Manufacturing Company Limited to post 6.3 earnings per share for the current year.

Taiwan’s semiconductor manufacturing boosts dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 13. Shareholders of record on Friday, September 16 will receive a dividend of $0.4625 per share. The ex-dividend date is Thursday, September 15. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a dividend of $1.85 on an annualized basis and a yield of 2.11%. Taiwan Semiconductor Manufacturing’s dividend payout rate is 28.19%.

Changes to analyst ratings

Several research analysts have recently weighed in on TSM shares. Susquehanna Bancshares lowered its price target on Taiwan Semiconductor Manufacturing shares from $90.00 to $88.00 and set a “neutral” rating on the stock in a Thursday, July 14 research report. Cowen set a price target of $100.00 on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 19. Loop Capital began covering Taiwan Semiconductor Manufacturing stocks in a research report on Tuesday, June 21. They set a “buy” rating on the stock. cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a Thursday, April 14 research report. Finally, Susquehanna lowered its price target on Taiwan Semiconductor Manufacturing shares from $90.00 to $88.00 and set a “neutral” rating on the stock in a Thursday, July 14 research report. Four equity research analysts gave the stock a hold rating and six gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “moderate buy” and an average target price of $120.14.

Taiwan Semiconductor Manufacturing Company Profile

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Taiwan Semiconductor Manufacturing Company Limited manufactures, packages, tests and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States and the international. It provides complementary metal-oxide silicon wafer fabrication processes for fabricating logic, mixed-signal, radio frequency, and embedded memory semiconductors.

Further reading

Want to see which other hedge funds hold TSM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating).

Institutional ownership by quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)



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