Sawtooth Solutions LLC Has $1.63 Million Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Sawtooth Solutions LLC trimmed its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 51.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,671 shares of the semiconductor company’s stock after selling 16,565 shares during the period. Sawtooth Solutions LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,634,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Panagora Asset Management Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 22.4% during the 1st quarter. Panagora Asset Management Inc. now owns 19,698 shares of the semiconductor company’s stock worth $2,054,000 after buying an additional 3,608 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 15.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 432,554 shares of the semiconductor company’s stock worth $45,098,000 after buying an additional 59,398 shares during the last quarter. Kempner Capital Management Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth about $1,768,000. NewEdge Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 19.8% in the 1st quarter. NewEdge Advisors LLC now owns 317,800 shares of the semiconductor company’s stock valued at $33,133,000 after purchasing an additional 52,508 shares during the last quarter. Finally, Vienna Asset Management LLC acquired a new stake in Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $1,225,000. 16.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Susquehanna cut 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 note on Thursday, July 14th. Loop Capital assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 21st. They issued a “buy” rating for the company. Susquehanna Bancshares cut 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 note on Thursday, July 14th. Finally, Cowen set a $100.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 19th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of “Moderate Buy” and an average price target of $120.14.

Taiwan Semiconductor Manufacturing Trading Up 1.1 %

Shares of TSM stock opened at $79.66 on Thursday. The firm has a 50 day moving average price of $84.86 and a two-hundred day moving average price of $91.74. The company has a quick ratio of 2.00, a current ratio of 2.25 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $413.14 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 0.52 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.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last issued its quarterly earnings data on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share (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 firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.68 billion. As a group, analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 6.24 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Stockholders of record on Friday, December 16th will be issued a dividend of $0.458 per share. The ex-dividend date of this dividend is Thursday, December 15th. This represents a $1.83 annualized dividend and a dividend yield of 2.30%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 28.19%.

About Taiwan Semiconductor Manufacturing

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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 internationally. It provides complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

See Also

Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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