Capital One National Association Reduces Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Capital One National Association reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,410 shares of the semiconductor company’s stock after selling 60 shares during the period. Capital One National Association’s holdings in Taiwan Semiconductor Manufacturing were worth $329,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TSM. Vanguard Group Inc. raised its stake in shares of Taiwan Semiconductor Manufacturing by 6.2% in the first quarter. Vanguard Group Inc. now owns 39,143,222 shares of the semiconductor company’s stock valued at $1,285,463,000 after buying an additional 2,272,816 shares during the last quarter. Sanders Capital LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 2.3% in the first quarter. Sanders Capital LLC now owns 31,131,173 shares of the semiconductor company’s stock valued at $1,047,209,000 after buying an additional 710,677 shares during the last quarter. FMR LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 5.9% in the first quarter. FMR LLC now owns 29,138,407 shares of the semiconductor company’s stock valued at $956,904,000 after buying an additional 1,612,234 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 0.7% in the first quarter. Fisher Asset Management LLC now owns 28,189,434 shares of the semiconductor company’s stock valued at $925,741,000 after buying an additional 184,195 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Taiwan Semiconductor Manufacturing by 1.0% in the first quarter. Lazard Asset Management LLC now owns 26,426,435 shares of the semiconductor company’s stock valued at $867,842,000 after buying an additional 260,704 shares during the last quarter. 19.93% of the stock is currently owned by institutional investors.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE TSM) traded up 2.26% during mid-day trading on Friday, hitting $36.14. The stock had a trading volume of 4,252,752 shares. The company has a market cap of $187.42 billion, a PE ratio of 16.28 and a beta of 0.77. Taiwan Semiconductor Manufacturing Company Ltd. has a 52-week low of $28.20 and a 52-week high of $36.96. The stock has a 50 day moving average price of $35.79 and a 200-day moving average price of $33.79.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last issued its earnings results on Thursday, July 13th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $213.86 billion for the quarter, compared to analysts’ expectations of $214.25 billion. Taiwan Semiconductor Manufacturing had a return on equity of 25.65% and a net margin of 36.11%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the company posted $2.80 earnings per share. On average, equities analysts expect that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 earnings per share for the current fiscal year.

The company also recently declared an annual dividend, which was paid on Thursday, July 20th. Investors of record on Wednesday, June 28th were issued a $0.927 dividend. The ex-dividend date of this dividend was Monday, June 26th. This represents a dividend yield of 3.25%. This is a boost from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. Taiwan Semiconductor Manufacturing’s dividend payout ratio is currently 42.59%.

COPYRIGHT VIOLATION NOTICE: “Capital One National Association Reduces Stake in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)” was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/08/11/taiwan-semiconductor-manufacturing-company-ltd-nysetsm-shares-sold-by-capital-one-national-association-updated-updated-updated.html.

TSM has been the topic of several research analyst reports. Rosenblatt Securities set a $27.00 price objective on Taiwan Semiconductor Manufacturing and gave the company a “buy” rating in a report on Saturday, April 15th. BidaskClub lowered Taiwan Semiconductor Manufacturing from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “sell” rating in a report on Tuesday, July 18th. Credit Suisse Group lowered Taiwan Semiconductor Manufacturing from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. Finally, HSBC Holdings plc lowered Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $31.67.

Taiwan Semiconductor Manufacturing Company Profile

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.

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

What are top analysts saying about Taiwan Semiconductor Manufacturing Company Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Taiwan Semiconductor Manufacturing Company Ltd. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit