Pitcairn Co. Has $7.85 Million Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM

by · The Markets Daily

Pitcairn Co. trimmed its position in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM – Free Report) by 10.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 34,654 shares of the semiconductor company’s stock after selling 4,156 shares during the period. Pitcairn Co.’s holdings in Taiwan Semiconductor Manufacturing were worth $7,849,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TSM. 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 valued at $411,000 after acquiring an additional 43 shares during the last quarter. Pflug Koory LLC raised its holdings in shares of Taiwan Semiconductor Manufacturing by 3.9% during the 2nd quarter. Pflug Koory LLC now owns 1,133 shares of the semiconductor company’s stock valued at $257,000 after purchasing an additional 43 shares in the last quarter. 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 purchasing an additional 43 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 1.2% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 3,621 shares of the semiconductor company’s stock valued at $820,000 after purchasing an additional 43 shares during the last quarter. Finally, Liberty One Investment Management LLC boosted its holdings in Taiwan Semiconductor Manufacturing by 4.3% in the second quarter. Liberty One Investment Management LLC now owns 1,076 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Trading Down 4.3%

Shares of TSM stock opened at $291.87 on Friday. The company has a market capitalization of $1.51 trillion, a P/E ratio of 29.94, a P/E/G ratio of 1.00 and a beta of 1.31. The company has a quick ratio of 2.47, a current ratio of 2.69 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. The firm has a 50-day moving average price of $293.64 and a 200 day moving average price of $256.75.

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

Taiwan Semiconductor Manufacturing Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on TSM shares. Weiss Ratings restated a “buy (b-)” rating on shares of Taiwan Semiconductor Manufacturing in a report on Monday, December 8th. Wall Street Zen upgraded Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Sunday. Barclays raised their price objective on shares of Taiwan Semiconductor Manufacturing from $330.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Sanford C. Bernstein upped their target price on shares of Taiwan Semiconductor Manufacturing from $290.00 to $330.00 and gave the company an “outperform” rating in a research note on Sunday, December 7th. Finally, Citigroup reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 17th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $355.00.

Check Out Our Latest Stock Report on Taiwan Semiconductor Manufacturing

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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