Tiger Pacific Capital LP Reduces Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Tiger Pacific Capital LP reduced its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 354,698 shares of the semiconductor company’s stock after selling 43,080 shares during the period. Taiwan Semiconductor Manufacturing makes up about 18.7% of Tiger Pacific Capital LP’s investment portfolio, making the stock its 2nd largest position. Tiger Pacific Capital LP’s holdings in Taiwan Semiconductor Manufacturing were worth $70,049,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. TrinityPoint Wealth LLC increased its position in Taiwan Semiconductor Manufacturing by 24.9% in the 4th quarter. TrinityPoint Wealth LLC now owns 1,949 shares of the semiconductor company’s stock worth $385,000 after buying an additional 388 shares during the period. Triavera Capital LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $10,269,000. Strategic Wealth Partners Ltd. increased its position in shares of Taiwan Semiconductor Manufacturing by 23.6% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 1,815 shares of the semiconductor company’s stock valued at $366,000 after purchasing an additional 347 shares during the period. Strive Asset Management LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $413,000. Finally, Tema Etfs LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the fourth quarter valued at approximately $2,245,000. 16.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on TSM shares. Susquehanna restated a “positive” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Needham & Company LLC restated a “buy” rating and set a $225.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Barclays restated a “hold” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

Taiwan Semiconductor Manufacturing Trading Down 0.1%

Shares of TSM opened at $193.94 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.57 and a 12-month high of $226.40. The firm has a market capitalization of $1.01 trillion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The stock’s fifty day simple moving average is $167.42 and its 200-day simple moving average is $187.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results 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 return on equity of 30.47% and a net margin of 40.51%. The business had revenue of $25.82 billion for the quarter, compared to analyst estimates of $834.10 billion. As a group, research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 earnings per share for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 16th will be issued a $0.6499 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.60 annualized dividend and a dividend yield of 1.34%. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is currently 27.76%.

Taiwan Semiconductor Manufacturing Company Profile

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.