Global Trust Asset Management LLC Acquires 365 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)



Global Trust Asset Management LLC increased its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM – Get Rating) by 10.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,942 shares of the semiconductor company’s stock after purchasing an additional 365 shares during the period. Global Trust Asset Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $411,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TSM. Allspring Global Investments Holdings LLC bought a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth $790,585,000. GQG Partners LLC lifted its position in shares of Taiwan Semiconductor Manufacturing by 60.8% during the 4th quarter. GQG Partners LLC now owns 13,539,439 shares of the semiconductor company’s stock worth $1,628,657,000 after buying an additional 5,117,716 shares during the last quarter. Pendal Group Ltd lifted its position in shares of Taiwan Semiconductor Manufacturing by 697.5% during the 4th quarter. Pendal Group Ltd now owns 4,823,210 shares of the semiconductor company’s stock worth $161,608,000 after buying an additional 4,218,455 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Taiwan Semiconductor Manufacturing by 48.5% during the 4th quarter. Schroder Investment Management Group now owns 11,261,583 shares of the semiconductor company’s stock worth $270,976,000 after buying an additional 3,679,759 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Taiwan Semiconductor Manufacturing by 106.7% during the 4th quarter. Brown Advisory Inc. Now owns 6,683,041 shares of the semiconductor company’s stock worth $804,038,000 after buying an additional 3,449,754 shares during the last quarter.

Several equities analysts have commented on TSM shares. StockNews.com started coverage on Taiwan Semiconductor Manufacturing in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, April 14th. Loop Capital started coverage on Taiwan Semiconductor Manufacturing in a research report on Tuesday, June 21st. They issued a “buy” rating for the company. Finally, downgraded Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.50.

Shares of TSM opened at $85.92 on Friday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $82.75 and a 1 year high of $145.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.85 and a current ratio of 2.09. The business has a 50-day moving average of $91.41 and a 200-day moving average of $107.12.

Taiwan Semiconductor Manufacturing (NYSE:TSM – Get Rating) last issued its quarterly earnings data on Thursday, April 14th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 30.84% ​​and a net margin of 38.44%. The company had revenue of $491.08 billion during the quarter, compared to the consensus estimate of $471.53 billion. During the same period last year, the company earned $0.96 earnings per share. The firm’s revenue was up 35.5% compared to the same quarter last year. Sell-side analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 5.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Friday, September 16th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 2.15%. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, September 15th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is 32.46%.

About Taiwan Semiconductor Manufacturing (Get Rating)

Taiwan Semiconductor Manufacturing Company Limited 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 complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors.

See Also

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



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