ClariVest Asset Management LLC lowered its position in Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) by 20.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,403,445 shares of the semiconductor company’s stock after selling 360,100 shares during the quarter. Taiwan Semiconductor Mfg. makes up approximately 1.2% of ClariVest Asset Management LLC’s portfolio, making the stock its 14th biggest position. ClariVest Asset Management LLC’s holdings in Taiwan Semiconductor Mfg. were worth $57,485,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Next Capital Management LLC purchased a new stake in shares of Taiwan Semiconductor Mfg. during the first quarter valued at $25,000. Horan Capital Advisors LLC. purchased a new stake in shares of Taiwan Semiconductor Mfg. during the first quarter valued at $29,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Taiwan Semiconductor Mfg. during the first quarter valued at $31,000. Advocacy Wealth Management Services LLC boosted its position in Taiwan Semiconductor Mfg. by 55.6% in the first quarter. Advocacy Wealth Management Services LLC now owns 789 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 282 shares during the last quarter. Finally, Berman Capital Advisors LLC purchased a new position in Taiwan Semiconductor Mfg. in the fourth quarter worth about $34,000. 19.60% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently commented on the company. ValuEngine downgraded Taiwan Semiconductor Mfg. from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. Zacks Investment Research raised Taiwan Semiconductor Mfg. from a “sell” rating to a “hold” rating in a research note on Saturday, April 27th. Finally, Goldman Sachs Group initiated coverage on Taiwan Semiconductor Mfg. in a research note on Tuesday, May 7th. They set a “buy” rating and a $50.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $48.00.
Taiwan Semiconductor Mfg. (NYSE:TSM) last released its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.38. The business had revenue of $7.10 billion for the quarter. Taiwan Semiconductor Mfg. had a return on equity of 19.91% and a net margin of 32.20%. Sell-side analysts anticipate that Taiwan Semiconductor Mfg. Co. Ltd. will post 1.97 EPS for the current fiscal year.
The business also recently announced an annual dividend, which will be paid on Thursday, July 18th. Stockholders of record on Tuesday, June 25th will be issued a $1.2756 dividend. This represents a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, June 24th. Taiwan Semiconductor Mfg.’s dividend payout ratio (DPR) is 45.09%.
Taiwan Semiconductor Mfg. 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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