Point72 Italy S.r.l. cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Free Report) by 74.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,269 shares of the semiconductor company's stock after selling 139,601 shares during the quarter. Taiwan Semiconductor Manufacturing accounts for approximately 5.2% of Point72 Italy S.r.l.'s investment portfolio, making the stock its 7th largest position. Point72 Italy S.r.l.'s holdings in Taiwan Semiconductor Manufacturing were worth $9,335,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. Polar Asset Management Partners Inc. increased its position in Taiwan Semiconductor Manufacturing by 25.6% during the 4th quarter. Polar Asset Management Partners Inc. now owns 72,600 shares of the semiconductor company's stock valued at $14,338,000 after purchasing an additional 14,800 shares during the period. Quantinno Capital Management LP increased its holdings in Taiwan Semiconductor Manufacturing by 28.2% during the fourth quarter. Quantinno Capital Management LP now owns 65,908 shares of the semiconductor company's stock valued at $13,016,000 after buying an additional 14,509 shares during the period. Pathstone Holdings LLC raised its stake in Taiwan Semiconductor Manufacturing by 2.4% in the fourth quarter. Pathstone Holdings LLC now owns 160,929 shares of the semiconductor company's stock worth $31,809,000 after buying an additional 3,738 shares in the last quarter. MY.Alpha Management HK Advisors Ltd lifted its holdings in Taiwan Semiconductor Manufacturing by 109.9% during the fourth quarter. MY.Alpha Management HK Advisors Ltd now owns 103,980 shares of the semiconductor company's stock worth $20,535,000 after buying an additional 54,438 shares during the period. Finally, Newbrook Capital Advisors LP purchased a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $36,285,000. Institutional investors own 16.51% of the company's stock.
Taiwan Semiconductor Manufacturing Trading Down 0.1%
Shares of NYSE TSM traded down $0.28 during trading on Friday, hitting $193.94. 9,066,591 shares of the company were exchanged, compared to its average volume of 15,908,697. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57. Taiwan Semiconductor Manufacturing Company Limited has a 12-month low of $133.57 and a 12-month high of $226.40. The company has a fifty day moving average price of $167.42 and a 200-day moving average price of $187.45. The firm has a market capitalization of $1.01 trillion, a PE ratio of 27.55, a P/E/G ratio of 0.66 and a beta of 1.21.
Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last announced its earnings results on Thursday, April 17th. The semiconductor company reported $2.12 earnings per share 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%. As a group, equities research analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS 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. Investors of record on Tuesday, September 16th will be issued a $0.6499 dividend. This represents a $2.60 annualized dividend and a yield of 1.34%. The ex-dividend date is Tuesday, September 16th. Taiwan Semiconductor Manufacturing's dividend payout ratio (DPR) is presently 27.76%.
Analyst Upgrades and Downgrades
Several analysts have commented on TSM shares. Needham & Company LLC reissued a "buy" rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 17th. Susquehanna reissued a "positive" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Barclays reaffirmed a "hold" rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing presently has an average rating of "Moderate Buy" and a consensus price target of $212.00.
Get Our Latest Stock Report on TSM
About Taiwan Semiconductor Manufacturing
(
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.
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