Cumberland Partners Ltd Has $7.57 Million Holdings in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• Cumberland Partners Ltd reduced its holdings in Taiwan Semiconductor Manufacturing Company by 6.7% in Q1, now owning 45,602 shares worth approximately $7.57 million.
• The semiconductor company's latest earnings showed a strong performance with a revenue of $30.07 billion, exceeding estimates and reflecting a 44.4% increase year-over-year.
• Analysts maintain a positive outlook on the stock, with a consensus rating of "Moderate Buy" and a price target averaging around $258.33.

Cumberland Partners Ltd lessened its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 6.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,602 shares of the semiconductor company's stock after selling 3,290 shares during the period. Cumberland Partners Ltd's holdings in Taiwan Semiconductor Manufacturing were worth $7,570,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its position in Taiwan Semiconductor Manufacturing by 20.9% in the 4th quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock valued at $2,159,000 after buying an additional 1,892 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $7,299,000. Huntington National Bank raised its holdings in shares of Taiwan Semiconductor Manufacturing by 4.7% in the fourth quarter. Huntington National Bank now owns 14,757 shares of the semiconductor company's stock valued at $2,914,000 after purchasing an additional 665 shares during the last quarter. Arete Wealth Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 9.0% during the fourth quarter. Arete Wealth Advisors LLC now owns 5,207 shares of the semiconductor company's stock worth $1,030,000 after purchasing an additional 432 shares during the last quarter. Finally, Orleans Capital Management Corp LA grew its position in Taiwan Semiconductor Manufacturing by 5.6% in the fourth quarter. Orleans Capital Management Corp LA now owns 5,690 shares of the semiconductor company's stock valued at $1,188,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 16.51% of the company's stock.

Taiwan Semiconductor Manufacturing Price Performance

Shares of NYSE TSM opened at $235.28 on Friday. The firm has a market cap of $1.22 trillion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. The business's 50 day moving average is $222.20 and its 200-day moving average is $196.06. The company has a current ratio of 2.37, a quick ratio of 2.18 and a debt-to-equity ratio of 0.18. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $133.57 and a 1-year high of $248.28.

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

Taiwan Semiconductor Manufacturing Cuts Dividend

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

Analyst Ratings Changes

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

About Taiwan Semiconductor Manufacturing

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.

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