Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Carderock Capital Management Inc. Posted by Marion Hillson on May 21st, 2021
Carderock Capital Management Inc. reduced its stake in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 12.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 118,755 shares of the semiconductor company’s stock after selling 16,231 shares during the period. Taiwan Semiconductor Manufacturing makes up approximately 4.2% of Carderock Capital Management Inc.’s portfolio, making the stock its 2nd biggest holding. Carderock Capital Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $14,046,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FDx Advisors Inc. lifted its stake in shares of Taiwan Semiconductor Manufacturing by 11.0% in the 4th quarter. FDx Advisors Inc. now owns 81,371 shares of the semiconductor company’s stock valued at $8,873,000 after purchasing an additional 8,077 shares during the period. Aperture Investors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth about $4,151,000. Blue Square Asset Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 14.6% during the 4th quarter. Blue Square Asset Management LLC now owns 9,331 shares of the semiconductor company’s stock valued at $1,017,000 after acquiring an additional 1,186 shares during the period. FMR LLC raised its holdings in Taiwan Semiconductor Manufacturing by 4.6% in the 4th quarter. FMR LLC now owns 15,265,022 shares of the semiconductor company’s stock worth $1,664,499,000 after purchasing an additional 676,689 shares during the period. Finally, Scotia Capital Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 19.3% in the 1st quarter. Scotia Capital Inc. now owns 158,118 shares of the semiconductor company’s stock worth $18,702,000 after purchasing an additional 25,561 shares during the period. Institutional investors and hedge funds own 18.27% of the company’s stock. Get Taiwan Semiconductor Manufacturing alerts:
NYSE TSM traded down $1.30 during trading hours on Friday, hitting $111.98. 90,335 shares of the company’s stock traded hands, compared to its average volume of 12,324,996. The company has a market capitalization of $580.74 billion, a PE ratio of 33.32, a PEG ratio of 1.26 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.75 and a quick ratio of 1.56. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $49.61 and a 52-week high of $142.20. The firm’s 50-day moving average is $117.83 and its 200-day moving average is $114.95.
Taiwan Semiconductor Manufacturing (NYSE:TSM) last posted its quarterly earnings results on Thursday, April 15th. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.05. Taiwan Semiconductor Manufacturing had a return on equity of 28.73% and a net margin of 37.94%. The business had revenue of $12.92 billion during the quarter, compared to analyst estimates of $12.83 billion. Equities research analysts predict that Taiwan Semiconductor Manufacturing Company Limited will post 4.01 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the company. Atlantic Securities started coverage on Taiwan Semiconductor Manufacturing in a research note on Monday, April 19th. They set a “neutral” rating for the company. Zacks Investment Research raised shares of Taiwan Semiconductor Manufacturing from a “sell” rating to a “hold” rating in a report on Saturday, April 17th. Susquehanna Bancshares reissued a “sell” rating and set a $74.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, January 26th. Finally, Susquehanna reaffirmed a “sell” rating and issued a $74.00 price target on shares of Taiwan Semiconductor Manufacturing in a research note on Tuesday, January 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Taiwan Semiconductor Manufacturing has a consensus rating of “Hold” and an average price target of $110.60.
Taiwan Semiconductor Manufacturing Profile
Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services. The company serves customers in computer, communications, consumer, and industrial and standard segments in North America, Europe, Japan, China, and South Korea.
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