Baader Bank INC lessened its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) by 49.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,146 shares of the semiconductor company’s stock after selling 46,500 shares during the period. Baader Bank INC’s holdings in Taiwan Semiconductor Manufacturing were worth $4,916,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of TSM. Rise Advisors LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $26,000. Raleigh Capital Management Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $26,000. Rather & Kittrell Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $37,000. SJS Investment Consulting Inc. grew its position in Taiwan Semiconductor Manufacturing by 101.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 387 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 195 shares in the last quarter. Finally, Herold Advisors Inc. bought a new position in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 16.86% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on TSM. Susquehanna Bancshares decreased their target price on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, July 14th. Cowen set a $100.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, July 19th. Susquehanna lowered their price objective on shares of Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, July 14th. Finally, Loop Capital initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 21st. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $120.14.
Taiwan Semiconductor Manufacturing Stock Performance
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last announced its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.50 by $0.05. Taiwan Semiconductor Manufacturing had a net margin of 40.53% and a return on equity of 33.56%. The company had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.68 billion. On average, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.3 earnings per share for the current year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Friday, December 16th will be issued a $0.458 dividend. This represents a $1.83 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Thursday, December 15th. Taiwan Semiconductor Manufacturing’s payout ratio is 28.19%.
Taiwan Semiconductor Manufacturing Company Profile
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 internationally. It provides complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.
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