Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Robeco Institutional Asset … – Defense World
Posted by Defense World Staff on May 25th, 2024 
Robeco Institutional Asset Management B.V. reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Free Report) by 42.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 295,873 shares of the semiconductor company’s stock after selling 217,112 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Taiwan Semiconductor Manufacturing were worth $305,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Corient Private Wealth LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 2.0% in the third quarter. Corient Private Wealth LLC now owns 399,141 shares of the semiconductor company’s stock valued at $34,690,000 after acquiring an additional 7,908 shares during the last quarter. NBC Securities Inc. acquired a new position in Taiwan Semiconductor Manufacturing in the third quarter valued at approximately $362,000. Ieq Capital LLC lifted its holdings in Taiwan Semiconductor Manufacturing by 12.9% in the third quarter. Ieq Capital LLC now owns 6,552 shares of the semiconductor company’s stock valued at $569,000 after acquiring an additional 747 shares during the last quarter. Lincoln National Corp lifted its holdings in Taiwan Semiconductor Manufacturing by 3.4% in the third quarter. Lincoln National Corp now owns 6,873 shares of the semiconductor company’s stock valued at $597,000 after acquiring an additional 228 shares during the last quarter. Finally, LGT Group Foundation lifted its holdings in Taiwan Semiconductor Manufacturing by 11.2% in the third quarter. LGT Group Foundation now owns 62,857 shares of the semiconductor company’s stock valued at $5,509,000 after acquiring an additional 6,331 shares during the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Taiwan Semiconductor Manufacturing stock opened at $159.98 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a twelve month low of $84.01 and a twelve month high of $160.78. The stock’s fifty day simple moving average is $142.03 and its 200-day simple moving average is $122.60. The company has a current ratio of 2.39, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $829.72 billion, a P/E ratio of 30.47, a P/E/G ratio of 1.13 and a beta of 1.13.
Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Free Report) last issued its earnings results on Thursday, April 18th. The semiconductor company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. The firm had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $18.38 billion. Taiwan Semiconductor Manufacturing had a net margin of 38.15% and a return on equity of 24.75%. As a group, equities analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 6.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a dividend of $0.4865 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.22%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.44. Taiwan Semiconductor Manufacturing’s payout ratio is presently 32.76%.
A number of analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $168.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Wednesday. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Susquehanna boosted their target price on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, April 2nd. TD Cowen boosted their target price on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, April 18th. Finally, StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $157.00.
Read Our Latest Analysis on TSM
(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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