Ingalls & Snyder LLC Has $218,000 Position in Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Ingalls & Snyder LLC held its stake in shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,230 shares of the semiconductor company’s stock at the end of the second quarter. Ingalls & Snyder LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $218,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Diversified Trust Co bought a new stake in shares of Taiwan Semiconductor Manufacturing during the first quarter valued at $2,214,000. Hermes Investment Management Ltd. boosted its stake in shares of Taiwan Semiconductor Manufacturing by 21.4% in the first quarter. Hermes Investment Management Ltd. now owns 5,898,590 shares of the semiconductor company’s stock valued at $193,710,000 after buying an additional 1,040,142 shares during the last quarter. Rothschild Investment Corp IL boosted its stake in shares of Taiwan Semiconductor Manufacturing by 41.7% in the first quarter. Rothschild Investment Corp IL now owns 51,877 shares of the semiconductor company’s stock valued at $1,704,000 after buying an additional 15,274 shares during the last quarter. Huntington National Bank boosted its stake in shares of Taiwan Semiconductor Manufacturing by 6.5% in the first quarter. Huntington National Bank now owns 16,595 shares of the semiconductor company’s stock valued at $545,000 after buying an additional 1,008 shares during the last quarter. Finally, DnB Asset Management AS boosted its stake in shares of Taiwan Semiconductor Manufacturing by 2.5% in the first quarter. DnB Asset Management AS now owns 271,158 shares of the semiconductor company’s stock valued at $8,905,000 after buying an additional 6,700 shares during the last quarter. Institutional investors and hedge funds own 19.65% of the company’s stock.

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) traded up 0.20% during trading on Friday, hitting $35.86. The stock had a trading volume of 3,692,805 shares. The firm has a market capitalization of $185.97 billion, a P/E ratio of 16.15 and a beta of 0.77. Taiwan Semiconductor Manufacturing Company Ltd. has a 1-year low of $28.20 and a 1-year high of $36.96. The stock’s 50-day moving average price is $35.84 and its 200 day moving average price is $34.01.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings data 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 net margin of 36.11% and a return on equity of 25.61%. The firm had revenue of $213.86 billion during the quarter, compared to analyst estimates of $214.25 billion. During the same quarter in the previous year, the business posted $2.80 earnings per share. Taiwan Semiconductor Manufacturing’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, analysts anticipate that Taiwan Semiconductor Manufacturing Company Ltd. will post $2.15 earnings per share for the current year.

The company also recently disclosed an annual dividend, which was paid on Thursday, July 20th. Stockholders of record on Wednesday, June 28th were issued a $0.927 dividend. This represents a dividend yield of 3.25%. This is a positive change from Taiwan Semiconductor Manufacturing’s previous annual dividend of $0.74. The ex-dividend date was Monday, June 26th. Taiwan Semiconductor Manufacturing’s dividend payout ratio (DPR) is presently 42.59%.

COPYRIGHT VIOLATION WARNING: This story was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.com-unik.info/2017/08/19/ingalls-snyder-llc-has-218000-position-in-taiwan-semiconductor-manufacturing-company-ltd-nysetsm-updated.html.

TSM has been the subject of a number of research reports. 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 research note 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 assigned a buy rating to the company. Taiwan Semiconductor Manufacturing presently has an average rating of “Hold” and a consensus 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.

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