Alta Capital Management LLC cut its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 42.3% in the 3rd quarter, HoldingsChannel.com reports. 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 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of TSM. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its holdings in shares of Taiwan Semiconductor Manufacturing by 7.5% during the second quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 1,290 shares of the semiconductor company’s stock valued at $155,000 after buying an additional 90 shares during the last quarter. Winch Advisory Services LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 53.6% during the second quarter. Winch Advisory Services LLC now owns 275 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 96 shares during the last quarter. Confluence Investment Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 0.5% during the third quarter. Confluence Investment Management LLC now owns 19,395 shares of the semiconductor company’s stock valued at $2,165,000 after buying an additional 97 shares during the last quarter. Red Door Wealth Management LLC grew its holdings in shares of Taiwan Semiconductor Manufacturing by 2.8% during the third quarter. Red Door Wealth Management LLC now owns 3,542 shares of the semiconductor company’s stock valued at $395,000 after buying an additional 98 shares during the last quarter. Finally, Tudor Investment Corp Et Al grew its holdings in shares of Taiwan Semiconductor Manufacturing by 0.4% during the second quarter. Tudor Investment Corp Et Al now owns 27,752 shares of the semiconductor company’s stock valued at $3,335,000 after buying an additional 100 shares during the last quarter.
Get Taiwan Semiconductor Manufacturing alerts: Taiwan Semiconductor Manufacturing stock traded down $0.62 during midday trading on Friday, reaching $120.68. 6,506,969 shares of the company traded hands, compared to its average volume of 9,621,435. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.09 and a quick ratio of 1.81. Taiwan Semiconductor Manufacturing Company Limited has a 12 month low of $104.67 and a 12 month high of $142.20. The firm has a market capitalization of $625.86 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 1.76 and a beta of 0.91. The business has a 50 day moving average of $118.28 and a two-hundred day moving average of $117.29.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 14th. The semiconductor company reported $1.08 earnings per share 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 business had revenue of $14.88 billion for the quarter, compared to the consensus estimate of $14.89 billion. As a group, equities analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 4.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 14th. Shareholders of record on Thursday, March 17th will be given a $0.3911 dividend. The ex-dividend date is Wednesday, March 16th. This represents a $1.56 annualized dividend and a yield of 1.30%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 39.85%.
TSM has been the topic of a number of recent analyst reports. Cowen initiated coverage on shares of Taiwan Semiconductor Manufacturing in a report on Monday, October 11th. They set a “market perform” rating and a $120.00 price target on the stock. Susquehanna Bancshares restated a “hold” rating and set a $130.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, November 22nd. Zacks Investment Research upgraded shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a research report on Thursday, September 16th. Finally, Susquehanna restated a “hold” rating and set a $130.00 price objective on shares of Taiwan Semiconductor Manufacturing in a research report on Monday, November 22nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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 Sells 2,950 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Stock Observer comes via ChinaTechNews.com.
