World Equity Group Inc. Sells 2,626 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

by · The Cerbat Gem

World Equity Group Inc. lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 43.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 3,362 shares of the semiconductor company’s stock after selling 2,626 shares during the period. World Equity Group Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $567,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its stake in Taiwan Semiconductor Manufacturing by 67.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,365,404 shares of the semiconductor company’s stock valued at $2,047,065,000 after buying an additional 4,158,772 shares during the last quarter. FMR LLC raised its position in Taiwan Semiconductor Manufacturing by 4.6% during the fourth quarter. FMR LLC now owns 58,547,257 shares of the semiconductor company’s stock valued at $11,562,498,000 after purchasing an additional 2,572,488 shares during the period. Sarasin & Partners LLP purchased a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter worth approximately $362,773,000. Franklin Resources Inc. increased its holdings in Taiwan Semiconductor Manufacturing by 32.3% during the 4th quarter. Franklin Resources Inc. now owns 8,498,063 shares of the semiconductor company’s stock worth $1,678,283,000 after purchasing an additional 2,074,329 shares during the period. Finally, Northern Trust Corp increased its holdings in Taiwan Semiconductor Manufacturing by 45.2% during the 4th quarter. Northern Trust Corp now owns 6,244,965 shares of the semiconductor company’s stock worth $1,233,318,000 after purchasing an additional 1,944,328 shares during the period. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Susquehanna raised their price objective on Taiwan Semiconductor Manufacturing from $250.00 to $255.00 and gave the stock a “positive” rating in a research report on Tuesday. Finally, Barclays reissued an “overweight” rating and issued a $240.00 price objective (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.50.

Check Out Our Latest Stock Report on TSM

Taiwan Semiconductor Manufacturing Stock Performance

NYSE TSM opened at $209.71 on Friday. The stock has a 50-day simple moving average of $186.25 and a two-hundred day simple moving average of $189.58. The firm has a market capitalization of $1.09 trillion, a P/E ratio of 26.96, a PEG ratio of 1.11 and a beta of 1.27. Taiwan Semiconductor Manufacturing Company Ltd. has a fifty-two week low of $133.57 and a fifty-two week high of $226.40. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.18 and a current ratio of 2.39.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The business had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a return on equity of 31.43% and a net margin of 41.67%. On average, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.24%. Taiwan Semiconductor Manufacturing’s payout ratio is currently 30.59%.

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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