Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Seelaus Asset Management LLC

Seelaus Asset Management LLC lowered its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 17.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,845 shares of the semiconductor company’s stock after selling 1,465 shares during the quarter. Seelaus Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $714,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth approximately $26,000. Curi Wealth Management LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $28,000. Asset Dedication LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 176.2% in the 4th quarter. Asset Dedication LLC now owns 290 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 185 shares during the period. Rather & Kittrell Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $37,000. Finally, Retirement Planning Co of New England Inc. acquired a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at $37,000.

Shares of NYSE TSM opened at $84.91 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $83.95 and a one year high of $145.00. The company’s fifty day moving average is $91.94 and its two-hundred day moving average is $107.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.85 and a current ratio of 2.09.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last issued its earnings results on Thursday, April 14th. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.31 by $0.09. The company had revenue of $491.08 billion for the quarter, compared to analyst estimates of $471.53 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.44% and a return on equity of 30.84%. The business’s revenue was up 35.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. On average, equities analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 5.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 16th will be given a dividend of $0.4625 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.85 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, September 15th. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.46%.

A number of brokerages have recently commented on TSM. cut shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Loop Capital assumed coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday. They issued a “buy” rating on the stock. StockNews.com assumed coverage on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 14th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $137.50.

Taiwan Semiconductor Manufacturing Profile (Get 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 internationally. It provides complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

Further Reading

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Institutional Ownership by Quarter for Taiwan Semiconductor Manufacturing (NYSE:TSM)

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