Nordea Investment Management AB lifted its holdings in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 28.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,588 shares of the semiconductor company’s stock after acquiring an additional 14,659 shares during the quarter. Nordea Investment Management AB’s holdings in Taiwan Semiconductor Mfg. were worth $2,687,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Next Capital Management LLC purchased a new position in Taiwan Semiconductor Mfg. in the first quarter worth about $25,000. Horan Capital Advisors LLC. purchased a new position in shares of Taiwan Semiconductor Mfg. during the 1st quarter valued at about $29,000. Cullen Frost Bankers Inc. purchased a new position in shares of Taiwan Semiconductor Mfg. during the 1st quarter valued at about $31,000. Advocacy Wealth Management Services LLC lifted its position in shares of Taiwan Semiconductor Mfg. by 55.6% during the 1st quarter. Advocacy Wealth Management Services LLC now owns 789 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 282 shares in the last quarter. Finally, Berman Capital Advisors LLC purchased a new position in shares of Taiwan Semiconductor Mfg. during the 4th quarter valued at about $34,000. Institutional investors own 19.64% of the company’s stock.
TSM has been the topic of several recent analyst reports. Zacks Investment Research raised First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, June 5th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Goldman Sachs Group set a €40.50 ($47.09) price objective on Koninklijke Philips and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, CLSA upgraded Taiwan Semiconductor Mfg. from an “underperform” rating to a “buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $48.00.
Taiwan Semiconductor Mfg. (NYSE:TSM) last issued its earnings results on Thursday, July 18th. The semiconductor company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Taiwan Semiconductor Mfg. had a return on equity of 19.91% and a net margin of 32.20%. The firm had revenue of $241 billion during the quarter, compared to analysts’ expectations of $236.65 billion. During the same quarter in the prior year, the company posted $2.79 earnings per share. Taiwan Semiconductor Mfg.’s quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts forecast that Taiwan Semiconductor Mfg. Co. Ltd. will post 1.99 EPS for the current fiscal year.
The business also recently declared an annual dividend, which was paid on Thursday, July 18th. Stockholders of record on Tuesday, June 25th were given a $1.2756 dividend. This represents a dividend yield of 2.56%. The ex-dividend date was Monday, June 24th. Taiwan Semiconductor Mfg.’s payout ratio is 45.54%.
Taiwan Semiconductor Mfg. Company Profile
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices. The company manufactures masks and electronic spare parts; researches, develops, designs, manufactures, sells, packages, and tests color filters; and offers customer and engineering support services.
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