Carnegie Capital Asset Management LLC trims position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)


Carnegie Capital Asset Management LLC reduced its stake in the shares of Taiwan Semiconductor Manufacturing Company Limited (New York Stock Exchange: TSMGet a rating) by 15.7% in the 1st quarter, HoldingsChannel reports. The fund held 9,697 shares of the semiconductor company after selling 1,809 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,011,000 when it last filed with the Securities and Exchange Commission (SEC).

Several other hedge funds also changed their holdings in TSM. EP Wealth Advisors LLC increased its stake in shares of Taiwan Semiconductor Manufacturing by 175.6% in the third quarter. EP Wealth Advisors LLC now owns 9,952 shares of the semiconductor company worth $367,000 after buying 6,341 additional shares in the last quarter. Cetera Advisors LLC increased its holdings in Taiwan Semiconductor Manufacturing by 6.1% in Q3. Cetera Advisors LLC now owns 6,663 shares of the semiconductor company worth $744,000 after acquiring 382 additional shares in the last quarter. Cetera Investment Advisers increased its stake in Taiwan Semiconductor Manufacturing by 4.5% in the third quarter. Cetera Investment Advisers now owns 36,012 shares of the semiconductor company worth $4,021,000 after buying 1,548 more shares last quarter. Captrust Financial Advisors increased its stake in Taiwan Semiconductor Manufacturing by 8.0% in Q3. Captrust Financial Advisors now owns 35,326 shares of the semiconductor company worth $3,961,000 after buying an additional 2,620 shares last quarter. Finally, Colony Group LLC increased its stake in Taiwan Semiconductor Manufacturing by 26.8% in the 3rd quarter. Colony Group LLC now owns 6,437 shares of the semiconductor company worth $719,000 after buying 1,359 additional shares last quarter.

Several equity analysts have recently commented on TSM shares. StockNews.com began covering shares of Taiwan Semiconductor Manufacturing in a Thursday, March 31 report. They set a “buy” rating on the stock. Needham & Company LLC reiterated a “buy” rating and set a price target of $125.00 on shares of Taiwan Semiconductor Manufacturing in a Thursday, April 14 research note. Loop Capital began covering shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday. They set a “buy” rating for the company. Finally, shares of Taiwan Semiconductor Manufacturing were reduced from a “buy” rating to a “hold” rating in a Thursday, April 14 research report. Four analysts gave the stock a hold rating and six gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $137.50.

Shares of TSM action opened at $84.12 on Friday. The company has a debt ratio of 0.28, a quick ratio of 1.85 and a current ratio of 2.09. The stock has a market capitalization of $436.25 billion, a P/E ratio of 18.45 and a beta of 0.94. The company has a 50-day moving average price of $91.66 and a 200-day moving average price of $107.48. Taiwan Semiconductor Manufacturing Company Limited has a fifty-two week low of $82.75 and a fifty-two week high of $145.00.

Semiconductor manufacturing in Taiwan (New York Stock Exchange: TSMGet a rating) last reported results on Thursday, April 14. The semiconductor company reported earnings per share (EPS) of $1.40 for the quarter, beating the consensus estimate of $1.31 by $0.09. Taiwan Semiconductor Manufacturing achieved a net margin of 38.44% and a return on equity of 30.84%. The company posted revenue of $491.08 billion in the quarter, compared to $471.53 billion expected by analysts. In the same quarter a year earlier, the company posted EPS of $0.96. The company’s revenue for the quarter increased 35.5% year over year. On average, research analysts expect Taiwan Semiconductor Manufacturing Company Limited to post EPS of 5.93 for the current fiscal year.

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 boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a dividend of $1.85 on an annualized basis and a dividend yield of 2.20%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 32.46%.

About Semiconductor Manufacturing in Taiwan (Get a 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 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 to get the latest 13F filings and insider transactions for Taiwan Semiconductor Manufacturing Company Limited (New York Stock Exchange: TSMGet a rating).

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



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