Renaissance Group LLC Cuts Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Renaissance Group LLC decreased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSMGet Rating) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,867 shares of the semiconductor company’s stock after selling 8,182 shares during the quarter. Renaissance Group LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $9,609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TSM. Curi Wealth Management LLC purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter valued at about $28,000. Bell Investment Advisors Inc purchased a new position in shares of Taiwan Semiconductor Manufacturing in the 3rd quarter valued at about $32,000. Eagle Bay Advisors LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 66.3% in the 3rd quarter. Eagle Bay Advisors LLC now owns 316 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 126 shares during the last quarter. Asset Dedication LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 176.2% in the 4th quarter. Asset Dedication LLC now owns 290 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 185 shares during the last quarter. Finally, McIlrath & Eck LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 78.4% in the 3rd quarter. McIlrath & Eck LLC now owns 330 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 145 shares during the last quarter.

Taiwan Semiconductor Manufacturing stock traded up $0.57 during mid-day trading on Friday, reaching $90.78. 10,291,684 shares of the company were exchanged, compared to its average volume of 13,371,478. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $85.39 and a twelve month high of $145.00. The firm’s 50-day simple moving average is $98.31 and its two-hundred day simple moving average is $112.41. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.86 and a current ratio of 2.09. The firm has a market cap of $470.79 billion, a PE ratio of 19.91 and a beta of 0.94.

Taiwan Semiconductor Manufacturing (NYSE:TSMGet Rating) last posted its quarterly earnings data on Thursday, April 14th. The semiconductor company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.84% and a net margin of 38.44%. The company had revenue of $491.08 billion during the quarter, compared to analysts’ expectations of $471.53 billion. During the same period last year, the firm earned $0.96 EPS. The firm’s revenue for the quarter was up 35.5% on a year-over-year basis. As a group, equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 5.93 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Friday, September 16th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 2.04%. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, September 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 32.89%.

A number of research analysts have recently commented on TSM shares. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 14th. Morgan Stanley raised Taiwan Semiconductor Manufacturing from an “equal weight” rating to an “overweight” rating in a research report on Monday, February 7th. Zacks Investment Research cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. Finally, StockNews.com assumed coverage on Taiwan Semiconductor Manufacturing in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $135.50.

About Taiwan Semiconductor Manufacturing (Get Rating)

Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

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

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