Cidel Asset Management Inc. Cuts Stock Holdings in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM)

Cidel Asset Management Inc. decreased its stake in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 79.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 95,048 shares of the semiconductor company’s stock after selling 374,024 shares during the quarter. Cidel Asset Management Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $18,477,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Next Capital Management LLC bought a new position in shares of Taiwan Semiconductor Mfg. during the first quarter worth $25,000. Trustcore Financial Services LLC increased its stake in Taiwan Semiconductor Mfg. by 129.9% in the 2nd quarter. Trustcore Financial Services LLC now owns 699 shares of the semiconductor company’s stock worth $27,000 after buying an additional 395 shares during the period. Cullen Frost Bankers Inc. purchased a new position in Taiwan Semiconductor Mfg. in the 1st quarter worth about $31,000. American Beacon Advisors Inc. increased its stake in Taiwan Semiconductor Mfg. by 56.9% in the 1st quarter. American Beacon Advisors Inc. now owns 822 shares of the semiconductor company’s stock worth $34,000 after buying an additional 298 shares during the period. Finally, JNBA Financial Advisors increased its stake in Taiwan Semiconductor Mfg. by 87.5% in the 2nd quarter. JNBA Financial Advisors now owns 902 shares of the semiconductor company’s stock worth $35,000 after buying an additional 421 shares during the period. Hedge funds and other institutional investors own 19.05% of the company’s stock.

Several research analysts recently commented on TSM shares. CLSA raised shares of Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research raised shares of Taiwan Semiconductor Mfg. from a “sell” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Saturday, August 3rd. ValuEngine raised shares of Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Finally, Morgan Stanley raised shares of Taiwan Semiconductor Mfg. from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, September 4th. Five equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $48.50.

NYSE TSM traded up $0.27 during trading on Friday, reaching $44.34. 406,910 shares of the company’s stock traded hands, compared to its average volume of 5,142,689. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.62 and a quick ratio of 1.45. The firm has a market cap of $228.71 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 3.47 and a beta of 1.02. The company’s 50 day simple moving average is $42.28 and its two-hundred day simple moving average is $41.19. Taiwan Semiconductor Mfg. Co. Ltd. has a 12-month low of $34.22 and a 12-month high of $45.64.

Taiwan Semiconductor Mfg. (NYSE:TSM) last posted its earnings results on Thursday, July 18th. The semiconductor company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The business had revenue of $241 billion for the quarter, compared to analysts’ expectations of $236.65 billion. Taiwan Semiconductor Mfg. had a net margin of 31.42% and a return on equity of 19.37%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business posted $2.79 EPS. Research analysts expect that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Friday, September 20th will be issued a $0.251 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Thursday, September 19th. Taiwan Semiconductor Mfg.’s dividend payout ratio is currently 45.54%.

Taiwan Semiconductor Mfg. Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.

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

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