Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Sold by Saraza Management LP

by · The Cerbat Gem

Saraza Management LP reduced its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,000 shares of the semiconductor company’s stock after selling 14,000 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 6.3% of Saraza Management LP’s holdings, making the stock its 6th largest holding. Saraza Management LP’s holdings in Taiwan Semiconductor Manufacturing were worth $26,046,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Dorsal Capital Management LP grew its stake in Taiwan Semiconductor Manufacturing by 7.5% during the second quarter. Dorsal Capital Management LP now owns 1,075,000 shares of the semiconductor company’s stock worth $243,477,000 after buying an additional 75,000 shares during the period. 7G Capital Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 37.5% in the 2nd quarter. 7G Capital Management LLC now owns 110,000 shares of the semiconductor company’s stock valued at $24,914,000 after acquiring an additional 30,000 shares during the period. Vivaldi Capital Management LP lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 14.9% during the 2nd quarter. Vivaldi Capital Management LP now owns 1,462 shares of the semiconductor company’s stock valued at $331,000 after acquiring an additional 190 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 70.8% during the 2nd quarter. Ieq Capital LLC now owns 58,284 shares of the semiconductor company’s stock valued at $13,201,000 after acquiring an additional 24,169 shares in the last quarter. Finally, Main Street Financial Solutions LLC purchased a new stake in Taiwan Semiconductor Manufacturing during the 2nd quarter worth $270,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TSM shares. Needham & Company LLC reissued a “buy” rating and issued a $360.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 27th. Wall Street Zen lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Sanford C. Bernstein boosted their price target on Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the stock an “outperform” rating in a research report on Sunday. Susquehanna upped their price target on Taiwan Semiconductor Manufacturing from $300.00 to $400.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Finally, UBS Group set a $330.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Sunday. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Buy” and an average target price of $355.00.

Get Our Latest Report on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Trading Down 1.7%

Shares of TSM opened at $305.02 on Friday. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $134.25 and a one year high of $313.98. The stock has a 50-day moving average price of $293.66 and a 200 day moving average price of $255.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.69. The company has a market capitalization of $1.58 trillion, a P/E ratio of 31.28, a P/E/G ratio of 1.07 and a beta of 1.31.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last posted its quarterly earnings data on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.33. The company had revenue of $32.36 billion for the quarter, compared to the consensus estimate of $951.89 billion. Taiwan Semiconductor Manufacturing had a return on equity of 34.34% and a net margin of 43.72%.Taiwan Semiconductor Manufacturing’s revenue for the quarter was up 40.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 EPS. Sell-side analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 17th will be issued a $0.9678 dividend. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. This represents a $3.87 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 26.67%.

About Taiwan Semiconductor Manufacturing

(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.

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