Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Princeton Global Asset Management LLC


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Princeton Global Asset Management LLC decreased its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 13.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 102,165 shares of the semiconductor company’s stock after selling 16,425 shares during the quarter. Taiwan Semiconductor Manufacturing comprises approximately 3.9% of Princeton Global Asset Management LLC’s investment portfolio, making the stock its 2nd largest holding. Princeton Global Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $11,140,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TSM. Jennison Associates LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 554.5% during the 4th quarter. Jennison Associates LLC now owns 9,695,245 shares of the semiconductor company’s stock worth $1,057,170,000 after buying an additional 8,213,857 shares during the period. SB Management Ltd acquired a new stake in shares of Taiwan Semiconductor Manufacturing during the 3rd quarter worth approximately $255,930,000. ARK Investment Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 2,395.0% during the 3rd quarter. ARK Investment Management LLC now owns 2,618,632 shares of the semiconductor company’s stock worth $212,292,000 after buying an additional 2,513,677 shares during the period. Nikko Asset Management Americas Inc. grew its position in shares of Taiwan Semiconductor Manufacturing by 180.7% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 2,507,837 shares of the semiconductor company’s stock worth $204,765,000 after buying an additional 1,614,557 shares during the period. Finally, Sands Capital Management LLC grew its position in Taiwan Semiconductor Manufacturing by 30.6% in the 3rd quarter. Sands Capital Management LLC now owns 6,804,403 shares of the semiconductor company’s stock valued at $551,633,000 after purchasing an additional 1,592,405 shares during the period. 18.27% of the stock is owned by institutional investors.

TSM stock traded down $3.08 during midday trading on Tuesday, hitting $130.49. The stock had a trading volume of 320,031 shares, compared to its average volume of 14,028,529. The firm has a market cap of $676.73 billion, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 1.26 and a beta of 0.99. The business has a 50-day moving average of $127.81 and a two-hundred day moving average of $99.12. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $42.70 and a 52-week high of $142.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.75 and a quick ratio of 1.56.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its earnings results on Thursday, January 14th. The semiconductor company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. Taiwan Semiconductor Manufacturing had a return on equity of 28.73% and a net margin of 37.94%. The firm had revenue of $12.68 billion for the quarter, compared to analysts’ expectations of $12.90 billion. Research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 4.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Friday, June 18th will be issued a $0.3527 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, June 17th. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 41.59%.

Several analysts recently issued reports on TSM shares. Susquehanna reissued a “sell” rating and issued a $74.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Tuesday, January 26th. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $126.00 price target for the company in a research report on Thursday, January 7th. Susquehanna Bancshares restated a “sell” rating and set a $74.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, January 26th. Finally, Sanford C. Bernstein upgraded Taiwan Semiconductor Manufacturing from a “market perform” rating to an “outperform” rating and set a $149.00 price objective on the stock in a research note on Tuesday, January 12th. Two investment analysts have rated the stock with a sell rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $105.75.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.

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

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