Tiaa Fsb Cuts Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)



Tiaa Fsb decreased its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,386 shares of the semiconductor company’s stock after selling 640 shares during the period. Tiaa Fsb’s holdings in Taiwan Semiconductor Manufacturing was worth $1,396,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $26,000. Curi Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $28,000. Asset Dedication LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 176.2% in the fourth quarter. Asset Dedication LLC now owns 290 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 185 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $37,000. Finally, Rather & Kittrell Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the fourth quarter worth $37,000.

Several equities analysts have commented on the stock. 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. downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 14th. Finally, StockNews.com initiated coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, March 31st. They set a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average price target of $137.50.

Shares of TSM opened at $85.92 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1-year low of $82.75 and a 1-year high of $145.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.09 and a quick ratio of 1.85. The firm has a fifty day moving average price of $91.41 and a 200 day moving average price of $107.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last announced its quarterly earnings results on Thursday, April 14th. The semiconductor company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 38.44% and a return on equity of 30.84%. The firm had revenue of $491.08 billion during the quarter, compared to analysts’ expectations of $471.53 billion. During the same period in the previous year, the company earned $0.96 earnings per share. Taiwan Semiconductor Manufacturing’s quarterly revenue was up 35.5% compared to the same quarter last year. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 5.93 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 16th will be given a $0.4625 dividend. The ex-dividend date is Thursday, September 15th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.85 dividend on an annualized basis and a yield of 2.15%. Taiwan Semiconductor Manufacturing’s payout ratio is 32.46%.

About Taiwan Semiconductor Manufacturing (Get Rating)

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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