Taiwan Semiconductor Manufacturing Company Ltd. $TSM is Biglari Sardar’s 5th Largest Position

by · The Markets Daily

Biglari Sardar reduced its holdings in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 20.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,314 shares of the semiconductor company’s stock after selling 5,414 shares during the period. Taiwan Semiconductor Manufacturing comprises approximately 10.2% of Biglari Sardar’s portfolio, making the stock its 5th biggest holding. Biglari Sardar’s holdings in Taiwan Semiconductor Manufacturing were worth $4,827,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Alliance Wealth Advisors LLC lifted its stake in Taiwan Semiconductor Manufacturing by 2.4% in the second quarter. Alliance Wealth Advisors LLC now owns 1,815 shares of the semiconductor company’s stock worth $411,000 after purchasing an additional 43 shares during the last quarter. Pflug Koory LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing by 3.9% in the second quarter. Pflug Koory LLC now owns 1,133 shares of the semiconductor company’s stock worth $257,000 after buying an additional 43 shares during the period. Frazier Financial Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 9.1% in the 2nd quarter. Frazier Financial Advisors LLC now owns 517 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 43 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 1.2% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 3,621 shares of the semiconductor company’s stock valued at $820,000 after acquiring an additional 43 shares during the period. Finally, Liberty One Investment Management LLC grew its position in Taiwan Semiconductor Manufacturing by 4.3% during the 2nd quarter. Liberty One Investment Management LLC now owns 1,076 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 44 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors.

Taiwan Semiconductor Manufacturing Trading Down 4.3%

NYSE:TSM opened at $291.87 on Friday. The company has a 50-day moving average price of $293.64 and a 200-day moving average price of $256.34. The stock has a market cap of $1.51 trillion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 1.05 and a beta of 1.31. The company has a current ratio of 2.69, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. Taiwan Semiconductor Manufacturing Company Ltd. has a 12 month low of $134.25 and a 12 month high of $313.98.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last released its quarterly earnings results on Thursday, October 16th. The semiconductor company reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.33. The company had revenue of $32.36 billion during the quarter, compared to the consensus estimate of $951.89 billion. Taiwan Semiconductor Manufacturing had a net margin of 43.72% and a return on equity of 34.34%. Taiwan Semiconductor Manufacturing’s revenue was up 40.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 earnings per share. Equities analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 17th will be given a dividend of $0.9678 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.83. This represents a $3.87 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, March 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 25.85%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TSM shares. Wall Street Zen downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday. UBS Group set a $330.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Sunday, December 7th. Needham & Company LLC restated a “buy” rating and issued a $360.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, October 27th. Finally, Itau BBA Securities initiated coverage on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, October 7th. They set an “outperform” rating for the company. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Taiwan Semiconductor Manufacturing currently has an average rating of “Buy” and a consensus price target of $355.00.

View Our Latest Report on TSM

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.

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