Ameritas Advisory Services LLC Trims Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

by · The Markets Daily

Ameritas Advisory Services LLC decreased its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 13.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,532 shares of the semiconductor company’s stock after selling 1,789 shares during the period. Ameritas Advisory Services LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $1,914,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. IMG Wealth Management Inc. bought a new stake in Taiwan Semiconductor Manufacturing in the fourth quarter valued at $26,000. Hopwood Financial Services Inc. purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $27,000. Accredited Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $31,000. City Holding Co. increased its stake in shares of Taiwan Semiconductor Manufacturing by 238.0% during the first quarter. City Holding Co. now owns 169 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 119 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc increased its stake in shares of Taiwan Semiconductor Manufacturing by 289.4% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Performance

Shares of NYSE:TSM opened at $226.79 on Tuesday. Taiwan Semiconductor Manufacturing Company Ltd. has a one year low of $133.57 and a one year high of $228.88. The firm’s 50 day simple moving average is $194.57 and its 200-day simple moving average is $190.46. The firm has a market cap of $1.18 trillion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27. 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 posted its quarterly earnings data on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. Taiwan Semiconductor Manufacturing had a net margin of 41.67% and a return on equity of 31.43%. The firm had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $834.10 billion. As a group, equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.6499 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.15%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 30.59%.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on TSM

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.

Further Reading

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