Nomura Asset Management Co. Ltd. held its stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 6,500 shares of the semiconductor company’s stock at the end of the first quarter. Nomura Asset Management Co. Ltd.’s holdings in Taiwan Semiconductor Manufacturing were worth $213,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in TSM. Pictet & Cie Europe SA acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $134,000. Pictet North America Advisors SA acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $166,000. Advisory Services Network LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $184,000. U S Global Investors Inc acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $187,000. Finally, Ingalls & Snyder LLC acquired a new stake in Taiwan Semiconductor Manufacturing during the first quarter worth $205,000. 19.81% of the stock is currently owned by hedge funds and other institutional investors.
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) opened at 36.10 on Friday. The firm’s 50-day moving average is $35.78 and its 200 day moving average is $33.16. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $27.48 and a 1-year high of $36.92. The company has a market cap of $187.21 billion, a PE ratio of 16.41 and a beta of 0.77.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its quarterly earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 25.75% and a net margin of 36.11%. The business had revenue of $213.86 billion for the quarter, compared to analysts’ expectations of $214.25 billion. During the same quarter in the previous year, the firm posted $2.80 EPS. Taiwan Semiconductor Manufacturing’s revenue was down 3.6% on a year-over-year basis. Analysts predict that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.17 earnings per share for the current fiscal year.
The firm also recently declared an annual dividend, which was paid on Thursday, July 20th. Stockholders of record on Wednesday, June 28th were paid a dividend of $0.927 per share. This is a positive change from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. The ex-dividend date was Monday, June 26th. This represents a dividend yield of 3.25%. Taiwan Semiconductor Manufacturing’s payout ratio is presently 42.59%.
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A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. HSBC Holdings plc downgraded shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Credit Suisse Group downgraded shares of Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. BidaskClub downgraded shares of Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Rosenblatt Securities set a $27.00 price objective on shares of Taiwan Semiconductor Manufacturing and gave the company a “buy” rating in a research report on Saturday, April 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $31.67.
About Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a semiconductor foundry. The Company is engaged in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. It operates through foundry segment.
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