Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) Holdings Reduced by Cidel Asset Management Inc.

Cidel Asset Management Inc. lessened its position in shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 678,322 shares of the semiconductor company’s stock after selling 24,726 shares during the quarter. Taiwan Semiconductor Mfg. makes up about 1.7% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 19th largest position. Cidel Asset Management Inc.’s holdings in Taiwan Semiconductor Mfg. were worth $37,084,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Tower Bridge Advisors grew its holdings in shares of Taiwan Semiconductor Mfg. by 0.8% during the 4th quarter. Tower Bridge Advisors now owns 149,598 shares of the semiconductor company’s stock worth $5,932,000 after purchasing an additional 1,166 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Taiwan Semiconductor Mfg. by 8.7% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 14,869 shares of the semiconductor company’s stock worth $639,000 after purchasing an additional 1,193 shares in the last quarter. Segment Wealth Management LLC grew its holdings in shares of Taiwan Semiconductor Mfg. by 1.5% during the 4th quarter. Segment Wealth Management LLC now owns 84,370 shares of the semiconductor company’s stock worth $3,345,000 after purchasing an additional 1,246 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Taiwan Semiconductor Mfg. by 2.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 51,249 shares of the semiconductor company’s stock worth $2,032,000 after purchasing an additional 1,249 shares in the last quarter. Finally, Comerica Securities Inc. grew its holdings in shares of Taiwan Semiconductor Mfg. by 6.2% during the 1st quarter. Comerica Securities Inc. now owns 22,396 shares of the semiconductor company’s stock worth $980,000 after purchasing an additional 1,315 shares in the last quarter. 19.34% of the stock is currently owned by institutional investors.

TSM stock traded down $0.45 during trading on Thursday, hitting $38.60. The company had a trading volume of 7,636,000 shares, compared to its average volume of 7,522,419. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.71 and a quick ratio of 2.47. The firm has a market cap of $201.01 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 1.10 and a beta of 0.91. Taiwan Semiconductor Mfg. Co. Ltd. has a fifty-two week low of $34.31 and a fifty-two week high of $46.57.

Taiwan Semiconductor Mfg. (NYSE:TSM) last announced its quarterly earnings results on Thursday, April 19th. The semiconductor company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.01). The company had revenue of $248.08 billion during the quarter, compared to analyst estimates of $250.89 billion. Taiwan Semiconductor Mfg. had a net margin of 34.83% and a return on equity of 23.36%. Taiwan Semiconductor Mfg.’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.38 EPS. research analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 2.35 earnings per share for the current year.

The firm also recently disclosed an annual dividend, which will be paid on Thursday, July 19th. Shareholders of record on Tuesday, June 26th will be paid a $1.3454 dividend. The ex-dividend date of this dividend is Monday, June 25th. This represents a yield of 3.49%. This is a positive change from Taiwan Semiconductor Mfg.’s previous annual dividend of $0.93. Taiwan Semiconductor Mfg.’s payout ratio is currently 42.40%.

Several analysts have recently weighed in on the company. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Thursday, March 22nd. Credit Suisse Group raised Taiwan Semiconductor Mfg. from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 20th. Finally, ValuEngine lowered Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.00.

Taiwan Semiconductor Mfg. Company Profile

Taiwan Semiconductor Manufacturing Company Limited., together with its subsidiaries, engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices primarily in Taiwan. It manufactures masks and electronic parts; sells solar related products; wholesales and retails electronic materials; and researches, develops, and tests RFID systems.

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

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