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Chevy Chase Trust Holdings LLC increased its stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM – Get Rating) by 160.4% in the third quarter, according to the latest Securities and Exchange Commission filings. The company owned his 15,099 shares of the semiconductor company’s stock after purchasing an additional 9,300 of his shares during the quarter. Chevy Chase Trust Holdings LLC’s stake in Taiwan Semiconductor Manufacturing was valued at $1,035,000 as of the latest SEC filing.
Several other institutional investors and hedge funds have also changed their holdings of TSM. Mirae Asset Global Investments Co. Ltd. increased his stake in Taiwan Semiconductor Manufacturing Co. by 30.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,381,845 shares of the semiconductor company worth $144.071 million after he purchased an additional 318,570 shares during the period. Zions Bancorporation NA increased its stake in Taiwan Semiconductor Manufacturing by 29.2% in the first quarter. Zions Bancorporation NA now owns 597 shares of the semiconductor company worth $62,000 after purchasing an additional 135 of his shares last quarter. Brown Brothers Harriman & Co. increased its stake in Taiwan Semiconductor Manufacturing by 40.1% in the first quarter. Brown Brothers Harriman & Co. now owns 12,700 shares of the semiconductor company worth $1,324,000 after purchasing an additional 3,638 of his shares last quarter. Merit Financial Group LLC increased its stake in Taiwan Semiconductor Manufacturing by 17.3% in the first quarter. Merit Financial Group LLC owns 2,350 shares of the semiconductor company worth $245,000 after purchasing an additional 346 shares last quarter. Finally, Ergoteles LLC increased its stake in Taiwan Semiconductor Manufacturing by 138.6% in the first quarter. Ergoteles LLC now owns 45,497 shares of the semiconductor company worth $4,744,000 after purchasing an additional 26,426 shares in the previous quarter. Institutional investors and hedge funds own 16.79% of the company’s shares.
Analyst Rating Change
Recently, several brokerage firms have considered TSM. Cowen said in a research note on Thursday, Oct. 20, that Taiwan Semiconductor Corp. had lowered its manufacturing price target to his $75.00. Erste Group Bank upgraded Taiwan Semiconductor Manufacturing’s rating from ‘hold’ to ‘buy’ in a research note on Friday, November 18. Goldman Sachs Group downgraded Taiwan Semiconductor Manufacturing Co. to “buy” from “confidence buy” in a research note on Thursday, October 13. StockNews.com began covering Taiwan Semiconductor Manufacturing in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Finally, TheStreet downgraded Taiwan Semiconductor Manufacturing from a ‘b-‘ rating to a ‘c+’ rating in his Friday, November 4 research notes. Three investment analysts rated the stock with a hold rating, and six assigned a buy rating to the company’s shares. According to MarketBeat.com data, the stock has a consensus rating of “moderate buy” and a consensus target price of $94.00.
Taiwan semiconductor manufacturing deals drop 0.2%
Shares of Taiwan Semiconductor Manufacturing Co Ltd opened at $93.13 on Tuesday. The stock has a market capitalization of $483 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.83, and a beta of 1.06. The stock has a 50-day simple moving average of $81.44 and a 200-day simple moving average of $78.62. His one-year low is $59.43 and one-year high is $128.66 for Taiwan Semiconductor Manufacturing Company Limited. The company has a debt to equity ratio of 0.32, a current ratio of 2.49 and a quick ratio of 2.22.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last announced its financial results on Thursday, January 12th. The semiconductor company posted earnings per share of $1.82 for him in the quarter, beating consensus expectations of $1.80 by $0.02. The business generated $19.93 billion in revenue for the quarter, compared to analyst expectations of $20.29 billion. Return on equity of Taiwan Semiconductor Manufacturing was 39.42% and net profit margin was 44.81%. Analysts expect Taiwan Semiconductor Manufacturing Company Limited to post 5.6 EPS for the current financial year.
Taiwan Semiconductor Manufacturing Co., Ltd. Announcement of Dividends
The company recently announced a monthly dividend payable on Thursday, April 13th. Dividends of $0.3392 per share will be issued to shareholders of record on Friday, March 17. This represents his $4.07 dividend and his 4.37% dividend yield on an annualized basis. The ex-dividend date for this dividend is Thursday, March 16. The current dividend payout ratio of Taiwan Semiconductor Circuit Manufacturing is 21.49%.
Overview of Taiwan semiconductor manufacturing company
(get rating)
Taiwan Semiconductor Manufacturing Co, Ltd. is engaged in the manufacture and sale of integrated circuits and wafer semiconductor devices. The Company’s chips are used in automotive and industrial equipment, including consumer electronics such as personal computers and peripherals, information applications, wired and wireless communication systems products, digital video compact disc players, digital televisions, game consoles and digital cameras.
References
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