J. Safra Sarasin Holding AG Sells 21,959 Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Key Points

• J. Safra Sarasin Holding AG has reduced its stake in Taiwan Semiconductor Manufacturing Company by 7.8%, selling 21,959 shares during the first quarter, bringing its total holdings to 258,291 shares valued at approximately $42.9 million.
• Despite the recent sell-off, analysts maintain a consensus rating of "Moderate Buy" for the stock, with an average target price of $258.33, reflecting continued confidence in the company's potential growth.
• Taiwan Semiconductor Manufacturing recently announced a quarterly dividend of $0.6499 per share, marking an annualized dividend yield of 1.1%, which indicates a 28.16% dividend payout ratio.

J. Safra Sarasin Holding AG trimmed its position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM - Free Report) by 7.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,291 shares of the semiconductor company's stock after selling 21,959 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Taiwan Semiconductor Manufacturing were worth $42,875,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSM. Brighton Jones LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 20.9% during the fourth quarter. Brighton Jones LLC now owns 10,930 shares of the semiconductor company's stock worth $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 valued at about $7,299,000. Huntington National Bank lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 4.7% during the 4th 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 in the last quarter. Arete Wealth Advisors LLC lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 9.0% during the 4th quarter. Arete Wealth Advisors LLC now owns 5,207 shares of the semiconductor company's stock valued at $1,030,000 after purchasing an additional 432 shares in the last quarter. Finally, Orleans Capital Management Corp LA lifted its holdings in shares of Taiwan Semiconductor Manufacturing by 5.6% during the 4th 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. 16.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Taiwan Semiconductor Manufacturing Stock Down 2.6%

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

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. The business had revenue of $30.07 billion for the quarter, compared to analyst estimates of $28.50 billion. Taiwan Semiconductor Manufacturing had a return on equity of 32.87% and a net margin of 42.91%. The firm's revenue was up 44.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 EPS. Equities research analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 earnings per share for the current fiscal year.

Taiwan Semiconductor Manufacturing Cuts Dividend

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

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.

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