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Parallel Advisors LLC Reduces Stock Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Taiwan Semiconductor Manufacturing logo with Computer and Technology background

Parallel Advisors LLC reduced its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 9.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,101 shares of the semiconductor company's stock after selling 3,375 shares during the quarter. Parallel Advisors LLC's holdings in Taiwan Semiconductor Manufacturing were worth $5,495,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Summit Global Investments raised its position in Taiwan Semiconductor Manufacturing by 279.8% during the first quarter. Summit Global Investments now owns 10,829 shares of the semiconductor company's stock valued at $1,798,000 after buying an additional 7,978 shares during the period. Tompkins Financial Corp boosted its stake in shares of Taiwan Semiconductor Manufacturing by 8.5% during the 1st quarter. Tompkins Financial Corp now owns 1,272 shares of the semiconductor company's stock worth $211,000 after acquiring an additional 100 shares in the last quarter. GAMMA Investing LLC raised its holdings in Taiwan Semiconductor Manufacturing by 17,658.8% in the 1st quarter. GAMMA Investing LLC now owns 1,511,098 shares of the semiconductor company's stock valued at $250,842,000 after acquiring an additional 1,502,589 shares in the last quarter. Capital Market Strategies LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 9.1% in the 1st quarter. Capital Market Strategies LLC now owns 13,431 shares of the semiconductor company's stock worth $2,230,000 after buying an additional 1,120 shares in the last quarter. Finally, Franchise Capital Ltd acquired a new stake in Taiwan Semiconductor Manufacturing during the 1st quarter valued at $15,662,000. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Taiwan Semiconductor Manufacturing Stock Up 1.5%

NYSE TSM traded up $2.85 during trading hours on Tuesday, hitting $197.69. The company's stock had a trading volume of 4,499,265 shares, compared to its average volume of 16,941,223. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $133.57 and a 52 week high of $226.40. The company has a market capitalization of $1.03 trillion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The company has a current ratio of 2.57, a quick ratio of 2.30 and a debt-to-equity ratio of 0.24. The company's 50-day simple moving average is $171.48 and its two-hundred day simple moving average is $187.49.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $25.82 billion during the quarter, compared to analyst estimates of $834.10 billion. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current fiscal 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 paid a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio is presently 30.46%.

Analysts Set New Price Targets

A number of analysts have recently commented on TSM shares. Citigroup restated a "buy" rating on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, May 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, April 17th. Susquehanna restated a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Finally, Barclays upped their price target on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an "overweight" rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing has an average rating of "Moderate Buy" and an average price target of $217.00.

Check Out Our Latest Analysis on Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Profile

(Free Report)

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.

See Also

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

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