Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Mackay Shields LLC

Mackay Shields LLC lowered its position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 22.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,565 shares of the semiconductor company’s stock after selling 119,674 shares during the quarter. Mackay Shields LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $48,732,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. SevenOneSeven Capital Management lifted its holdings in Taiwan Semiconductor Manufacturing by 28.8% in the 2nd quarter. SevenOneSeven Capital Management now owns 2,379 shares of the semiconductor company’s stock worth $286,000 after buying an additional 532 shares in the last quarter. GQG Partners LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 203.7% in the 2nd quarter. GQG Partners LLC now owns 9,205,116 shares of the semiconductor company’s stock worth $1,105,795,000 after buying an additional 6,173,921 shares in the last quarter. Lumina Fund Management LLC acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $721,000. TrinityPoint Wealth LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 11.5% in the 2nd quarter. TrinityPoint Wealth LLC now owns 8,778 shares of the semiconductor company’s stock valued at $1,055,000 after purchasing an additional 905 shares in the last quarter. Finally, Toroso Investments LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 24.9% in the 2nd quarter. Toroso Investments LLC now owns 100,654 shares of the semiconductor company’s stock valued at $12,095,000 after purchasing an additional 20,075 shares in the last quarter. Hedge funds and other institutional investors own 16.55% of the company’s stock.

NYSE TSM traded up $2.73 on Thursday, hitting $112.71. The stock had a trading volume of 676,630 shares, compared to its average volume of 10,006,101. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $83.16 and a one year high of $142.20. The company has a quick ratio of 1.65, a current ratio of 1.92 and a debt-to-equity ratio of 0.22. The stock has a market cap of $584.52 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 1.90 and a beta of 0.89. The company’s 50-day moving average is $115.90 and its two-hundred day moving average is $116.91.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings data on Wednesday, July 14th. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. The business had revenue of $372.15 billion during the quarter, compared to analysts’ expectations of $372.58 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.14% and a return on equity of 29.17%. The business’s revenue was up 19.8% on a year-over-year basis. During the same period last year, the firm posted $4.66 earnings per share. On average, sell-side analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 4.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 13th. Stockholders of record on Friday, December 17th will be issued a $0.4941 dividend. The ex-dividend date of this dividend is Thursday, December 16th. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. This represents a $1.98 annualized dividend and a dividend yield of 1.75%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 45.72%.

A number of brokerages have recently issued reports on TSM. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research note on Thursday, September 16th. Susquehanna Bancshares upgraded shares of Taiwan Semiconductor Manufacturing from a “negative” rating to a “neutral” rating and upped their target price for the company from $85.00 to $105.00 in a research note on Wednesday, June 30th. Needham & Company LLC started coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, July 13th. They set a “buy” rating and a $123.05 price objective on the stock. Cowen started coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Monday. They set a “market perform” rating and a $120.00 price objective on the stock. Finally, Argus started coverage on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, June 22nd. They set a “buy” rating and a $150.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $126.76.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.

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

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