Alta Capital Management LLC reduced its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 42.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,030 shares of the semiconductor company’s stock after selling 2,950 shares during the period. Alta Capital Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $449,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Brandes Investment Partners LP grew its stake in shares of Taiwan Semiconductor Manufacturing by 10.6% in the 2nd quarter. Brandes Investment Partners LP now owns 37,400 shares of the semiconductor company’s stock valued at $4,494,000 after buying an additional 3,599 shares during the period. Carret Asset Management LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 55.1% in the 3rd quarter. Carret Asset Management LLC now owns 24,060 shares of the semiconductor company’s stock valued at $2,686,000 after buying an additional 8,550 shares during the period. Sterling Investment Management Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the 2nd quarter valued at about $2,964,000. CENTRAL TRUST Co grew its stake in shares of Taiwan Semiconductor Manufacturing by 196.2% in the 3rd quarter. CENTRAL TRUST Co now owns 41,800 shares of the semiconductor company’s stock valued at $4,667,000 after buying an additional 27,689 shares during the period. Finally, Fosun International Ltd grew its stake in shares of Taiwan Semiconductor Manufacturing by 21.0% in the 2nd quarter. Fosun International Ltd now owns 178,851 shares of the semiconductor company’s stock valued at $21,494,000 after buying an additional 30,990 shares during the period.
Get Taiwan Semiconductor Manufacturing alerts: Shares of Taiwan Semiconductor Manufacturing stock traded down $0.62 during mid-day trading on Friday, hitting $120.68. 6,506,969 shares of the stock were exchanged, compared to its average volume of 9,621,435. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $104.67 and a 12 month high of $142.20. The company has a 50-day simple moving average of $118.28 and a 200 day simple moving average of $117.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.81 and a current ratio of 2.09. The company has a market capitalization of $625.86 billion, a P/E ratio of 30.63, a P/E/G ratio of 1.76 and a beta of 0.91.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its earnings results on Thursday, October 14th. The semiconductor company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.03. Taiwan Semiconductor Manufacturing had a net margin of 37.93% and a return on equity of 29.08%. The firm had revenue of $14.88 billion for the quarter, compared to analysts’ expectations of $14.89 billion. Analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 4.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 14th. Shareholders of record on Thursday, March 17th will be given a dividend of $0.3911 per share. The ex-dividend date is Wednesday, March 16th. This represents a $1.56 annualized dividend and a dividend yield of 1.30%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 39.85%.
Several brokerages have recently commented on TSM. Susquehanna Bancshares restated a “hold” rating and issued a $130.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Monday, November 22nd. Cowen assumed coverage on Taiwan Semiconductor Manufacturing in a research note on Monday, October 11th. They issued a “market perform” rating and a $120.00 target price for the company. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Thursday, September 16th. Finally, Susquehanna reaffirmed a “hold” rating and issued a $130.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, November 22nd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $133.01.
Taiwan Semiconductor Manufacturing Profile
Taiwan Semiconductor Manufacturing Co, Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras.
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Alta Capital Management LLC Has $449,000 Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Transcript Daily comes via ChinaTechNews.com.