Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Shares Sold by Hosking Partners LLP
Hosking Partners LLP reduced its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 0.8% in Q1, now holding 250,911 shares valued at $41.65 million. Other institutional investors also increased their holdings. TSM's stock opened at $241.91, with a market cap of $1.25 trillion. The company reported Q2 earnings of $2.47 EPS, exceeding estimates, and declared a quarterly dividend of $0.6499 per share. Analysts maintain positive ratings, with price targets ranging from $240 to $270.
Hosking Partners LLP decreased its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 250,911 shares of the semiconductor company's stock after selling 2,138 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 1.8% of Hosking Partners LLP's investment portfolio, making the stock its 17th largest holding. Hosking Partners LLP's holdings in Taiwan Semiconductor Manufacturing were worth $41,651,000 at the end of the most recent quarter.
- A New AI Tailwind Could Come to Boost Taiwan Semiconductor Stock
Other institutional investors and hedge funds have also recently modified their holdings of the company. First Heartland Consultants Inc. lifted its holdings in Taiwan Semiconductor Manufacturing by 4.2% in the fourth quarter. First Heartland Consultants Inc. now owns 1,236 shares of the semiconductor company's stock valued at $244,000 after acquiring an additional 50 shares during the period. Formidable Asset Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 1,606 shares of the semiconductor company's stock valued at $317,000 after acquiring an additional 50 shares during the period. Connecticut Wealth Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 0.7% in the fourth quarter. Connecticut Wealth Management LLC now owns 7,416 shares of the semiconductor company's stock valued at $1,465,000 after acquiring an additional 55 shares during the period. WealthCollab LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 6.7% in the fourth quarter. WealthCollab LLC now owns 891 shares of the semiconductor company's stock valued at $176,000 after acquiring an additional 56 shares during the period. Finally, WealthPlan Investment Management LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 3.2% in the first quarter. WealthPlan Investment Management LLC now owns 1,847 shares of the semiconductor company's stock valued at $307,000 after acquiring an additional 57 shares during the period. Institutional investors and hedge funds own 16.51% of the company's stock.
Taiwan Semiconductor Manufacturing Stock Down 0.3%
Taiwan Semiconductor Manufacturing stock opened at $241.91 on Friday. The stock has a market capitalization of $1.25 trillion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $248.28. The business has a 50 day simple moving average of $226.40 and a 200-day simple moving average of $196.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.37 and a quick ratio of 2.15.
- Global Value: 3 Stocks Under $10 Riding a Weak Dollar
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. The business had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The business's revenue was up 44.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 earnings per share. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.
Taiwan Semiconductor Manufacturing Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's payout ratio is presently 28.16%.
Wall Street Analysts Forecast Growth
- Taiwan Semiconductor Could Boom on This AI Action Plan
A number of research analysts have issued reports on the company. Needham & Company LLC reissued a "buy" rating and issued a $270.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. Barclays reissued an "overweight" rating and issued a $240.00 price target (up from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Susquehanna boosted their price objective on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the company a "positive" rating in a research report on Monday, July 14th. Finally, Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.33.
Read Our Latest Report on TSM
Taiwan Semiconductor Manufacturing Profile
(Free Report)Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, 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 a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.
Recommended Stories
- Five stocks we like better than Taiwan Semiconductor Manufacturing
- Earnings Per Share Calculator: How to Calculate EPS
- Airbnb Beats Earnings, But the Growth Story Is Losing Altitude
- What is a Microcap Stock? Everything You Need to Know
- Netflix Bulls vs. Bears: Who Wins This Pullback?
- EV Stocks and How to Profit from Them
- Viasat: Why a Wall of Cash Has Shorts Running for Cover
Want to see what other hedge funds are holding TSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Taiwan Semiconductor Manufacturing Right Now?
Before you consider Taiwan Semiconductor Manufacturing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Taiwan Semiconductor Manufacturing wasn't on the list.
While Taiwan Semiconductor Manufacturing currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
