Andar Capital Management HK Ltd Lowers Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• Andar Capital Management HK Ltd has reduced its stake in Taiwan Semiconductor Manufacturing Company by 53.7%, now holding 15,000 shares valued at approximately $2.49 million, representing 4.8% of their investment portfolio.
• Taiwan Semiconductor Manufacturing reported a Q2 earnings per share of $2.47, surpassing expectations of $2.13, with revenue reaching $30.07 billion.
• The company has declared a quarterly dividend of $0.6499 per share, which reflects an annual yield of 1.1% and a payout ratio of 28.16%.

Andar Capital Management HK Ltd lowered its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 53.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the semiconductor company's stock after selling 17,400 shares during the period. Taiwan Semiconductor Manufacturing makes up 4.8% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 12th largest holding. Andar Capital Management HK Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $2,490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSM. City Holding Co. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 238.0% in the first quarter. City Holding Co. now owns 169 shares of the semiconductor company's stock worth $28,000 after buying an additional 119 shares in the last quarter. Accredited Wealth Management LLC purchased a new position in Taiwan Semiconductor Manufacturing in the 4th quarter worth approximately $31,000. Signature Resources Capital Management LLC raised its holdings in Taiwan Semiconductor Manufacturing by 138.8% in the 1st quarter. Signature Resources Capital Management LLC now owns 191 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 111 shares during the last quarter. Graybill Wealth Management LTD. purchased a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $33,000. Finally, Glass Jacobson Investment Advisors llc increased its holdings in shares of Taiwan Semiconductor Manufacturing by 289.4% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 183 shares of the semiconductor company's stock worth $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 Price Performance

Shares of NYSE:TSM opened at $235.28 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.37 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.22 trillion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. The firm's 50 day moving average price is $222.20 and its 200-day moving average price is $196.06. Taiwan Semiconductor Manufacturing Company Ltd. has a twelve month low of $133.57 and a twelve month high of $248.28.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, July 17th. The semiconductor company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.13 by $0.34. The business had revenue of $30.07 billion during the quarter, compared to analysts' expectations of $28.50 billion. Taiwan Semiconductor Manufacturing had a net margin of 42.91% and a return on equity of 32.87%. The firm's revenue was up 44.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 earnings per share. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 16th will be given a dividend of $0.6499 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.60 annualized dividend and a yield of 1.1%. Taiwan Semiconductor Manufacturing's payout ratio is 28.16%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Susquehanna boosted their price target on Taiwan Semiconductor Manufacturing from $255.00 to $265.00 and gave the stock a "positive" rating in a research note on Monday, July 14th. Citigroup reissued a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and set a $240.00 price target (up previously from $215.00) on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, June 3rd. Finally, Needham & Company LLC reissued a "buy" rating and set a $270.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, July 17th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $258.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.