Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Brookstone Capital Management

Brookstone Capital Management reduced its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 26.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,129 shares of the semiconductor company’s stock after selling 5,016 shares during the quarter. Brookstone Capital Management’s holdings in Taiwan Semiconductor Manufacturing were worth $1,152,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TSM. Assenagon Asset Management S.A. grew its holdings in Taiwan Semiconductor Manufacturing by 1,692.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,437,611 shares of the semiconductor company’s stock valued at $566,925,000 after buying an additional 5,134,222 shares in the last quarter. GQG Partners LLC grew its holdings in Taiwan Semiconductor Manufacturing by 60.8% in the 4th quarter. GQG Partners LLC now owns 13,539,439 shares of the semiconductor company’s stock valued at $1,628,657,000 after buying an additional 5,117,716 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Taiwan Semiconductor Manufacturing by 723.1% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,965,700 shares of the semiconductor company’s stock valued at $309,204,000 after buying an additional 2,605,413 shares in the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter worth $260,402,000. Finally, Van ECK Associates Corp grew its holdings in shares of Taiwan Semiconductor Manufacturing by 36.1% during the 1st quarter. Van ECK Associates Corp now owns 8,906,999 shares of the semiconductor company’s stock worth $928,644,000 after purchasing an additional 2,362,646 shares during the period. 16.86% of the stock is owned by institutional investors and hedge funds.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $77.14 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.25 and a quick ratio of 2.00. The firm has a market capitalization of $400.08 billion, a P/E ratio of 14.89, a P/E/G ratio of 0.52 and a beta of 0.99. The business’s 50-day moving average is $84.70 and its two-hundred day moving average is $90.62. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $73.74 and a 1 year high of $145.00.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last issued its earnings results on Thursday, July 14th. The semiconductor company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.05. Taiwan Semiconductor Manufacturing had a return on equity of 33.56% and a net margin of 40.53%. The business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.68 billion. Analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.21 earnings per share for the current fiscal 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 given a dividend of $0.458 per share. This represents a $1.83 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, December 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 27.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Susquehanna lowered their price target on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, July 14th. Susquehanna Bancshares lowered their target price on Taiwan Semiconductor Manufacturing from $90.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, July 14th. Loop Capital assumed coverage on Taiwan Semiconductor Manufacturing in a report on Tuesday, June 21st. They set a “buy” rating for the company. Finally, Cowen set a $100.00 target price on Taiwan Semiconductor Manufacturing in a report on Tuesday, July 19th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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 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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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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